Taxing second homes would halt construction? Plenty of people out there wish to own a first home, myself included.
Decreasing the number of secondary homes for the wealthy _does not_ create more first homes people can realistically afford though.
It’s a tax on second homes. If a single person sells due to the tax and someone who had 0 homes previously, it’s spread the scarce housing stock.
Not to say we shouldn’t build more but acting like a tax on multiple homes is going to make houses less available to everyone is ludicrous.
The per-apartment cost of construction in Manhattan is more than the retail price of my 3500sq ft house in near-rural South Carolina.
He is economically illiterate.
Edit: scratch that, he also mentioned leaving a rent controlled apartment because of a crabs in a bucket mentality. I think he’s lying to push his own political agenda which appears to be that of the rich never paying taxes.
I’ll lol if he’s some pleb like most of us and is just running defense for his “betters”
You can be in that cohort and not necessarily be the 1%, 0.1%, etc but you are not the middle.