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Metropolitan DC Local Politics
Reply to "The Guardian article. Is DC immune to this London market phenomenon?"
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[quote=Anonymous]Many cities have "homestead" exemptions, which are property tax cuts for people who actually live in their homes. All it takes is for a politician to say that we should "cut property taxes" for residents. Everyone will vote for it since the absentee landlords live in Russia and the Middle-East. Then raise property taxes on everyone else. If the absentee landlords are happy paying extra property taxes, then fine. At least they are contributing extra to the city's budget.[/quote]
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