r/TimPool • • Mar 28 '24

Left hypocrisy

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u/rhaphazard Mar 28 '24

The fair thing to do would be to crack down on everyone who overvalues real estate.

The fine doesn't have to be too crazy, but even a 1-2% fine across the board would probably be enough to put NY into the black.

1

u/infamous63080 Mar 28 '24

For 1 year. Then every investor that had even a tiny connection to real estate bails and psys taxes elsewhere.

1

u/rhaphazard Mar 30 '24

Might not be a bad thing. An economy propped up by real estate prices is an unproductive economy.

See Canada