| ▲ | Hammershaft an hour ago | |
https://www.minneapolisfed.org/article/2024/how-higher-prope... The Federal Reserve's research suggests higher property taxes help the young and the working class by improving the immediate affordability of homes. | ||
| ▲ | chasd00 an hour ago | parent [-] | |
That article is ridiculous “More expensive tomorrow, more affordable today”. It reads like a predatory credit card offer and is full of what if’s. High property taxes pushing down the sales price of a house does not help the buyer or seller. The buyer is going to pay the same, just more in taxes vs the loan, and the seller is going to get less because high taxes have reduced the value of their home. | ||