Boomer logic ..... "I want all the benefits, entitlements and supports of society and none of the responsibilities."

At the same time, that absolutely is a life altering change. Even the biggest idiots don't deserve to get their life upended. I don't know what the right solution is, but I can extend significant empathy to "I did a dumb thing and I don't know how to keep my home now without uprooting it".

I've only bought one home and it was recently. It was every bit as aweful as I expected but having seen what they are in for, they might not have the cash around nessicary to sell the home without getting scammed by predatory buyers.

The entirety of real estate is so fucked

I'm sure it's possible to achieve those things if you know the right people.

Yeah, not a lot of sympathy from me.

4.4 mil, wow.

I was going to ask why they didn't consult a real estate attorney. Apparently they didn't have a good one...

Working for. That doesn't mean paralegal. Reception, copy, courier, title clerk, mail room, etc

She worked FOR a real estate attorney. And apparently learned nothing.

Sales taxes are regressive. People who spend more money on services and less on goods are typically wealthier. Sales taxes hit the poor the hardest. Whereas the property tax on a multi unit building is typically a better rate for each family than a single family home.

If you read the article these people tried to abuse a loophole that had kept their propery taxes capped for years and they failed miserably. They tried to keep just enough of the home to avoid the value of the home being reassessed for taxes. But they added an entire second story and that triggered the reassessment. Essentially they thought they could cheat and build more home than they could afford to pay for.

They’re artificially high because concentrated wealth is buying up the supply. As of 2024 as much as 25% of the supply is being purchased by institutional investors in some markets

What in the libertarian garbage is this? Do you like roads, schools, libraries, parks, garbage pickup, etc etc etc. Property taxes pay for these things.

Tax the sales of property.

I'm thinking of the untended consequences of that policy. The first I can think of is people simply would never sell their houses because they'd get hit with enormous taxes (large enough to equal decades of property taxes). Home owners would simply rent out the houses when they need/want to move away. So home ownership for those living in the homes would collapse. Further, city services would likely starve from lack of funding because there would be no little revenue and what revenue they got would be very sporadic.

but you should be able to have a house to live in without paying the state for the privilege of them not taking it.

There are absolutely houses like that (in the USA at least). Those houses not in cities with police and fire protection, roads, sidewalks, snow plowing, public libraries, or any other kind of city services. If you want the benefits of a society someone has to pay the bill. Alternatively, some cities have income taxes or very high sales tax. Both of which you'd pay to live in the city.

Who are you suggesting paying the bill for your consumption of city services besides you?

You're planning to tax on events like sales and hope there's enough churn to still fully-fund the things property tax provides for? That's really hard to make a case for.

Given bungalows rarely deliver a town enough to recoup on providing and maintaining services anyway, you're starting with a very tricky goal to maintain. Detroit happened, and that was with consistent, recurring payments.

Then you want to put a home sales tax on that is big enough to pay the back taxes plus borrowing cost to hold the debt and you think people are gonna go for this? What if you've owned your home 15 years, paid no taxes on the infrastructure maintenance, ambulance fire or police service, mail service, street lights and pavement, and then your house burns down? You could very well owe more than the lot is worth alone. What do we tell the homeowner about that? The town can't absorb the loss given margins are so low.

Nah. I don't think you can sell that idea to the voters.