Reply to “Mansion tax” to be introduced by Grosso in DC for homes worth over $1million

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's a reasonable idea, and it could accomplish some good things.

The simple fact is, if you can afford a $1,000,000 home, you can also afford a $50,000 tax on it. This isn't going to be a make-or-break proposition for buyers of million+ dollar homes. It's even less than the standard real estate commission!!!

And it would yield millions of dollars every year that would improve the lives of the people who are being increasingly pushed out of the neighborhoods where they used to live.

Only cruel, racists would be against this kind of thing.  [/quote]

There’s lots of cheaper housing in PG county.  What’s wrong with people taking advantage of that as DC housing prices rise?  Why should DC go out of its way to keep residents who disproportionately require a high level of social services?  I dont want to see anyone pushed out, but I wouldn’t raise taxes to provide more benefits as an incentive to remain in the District, either. [/quote]

There are incentive buyer programs for teachers, first responders etc I believe, as well as other incentives and funding sources for low income and first time homesbuyers. I agree with you that living where cheaper housing is is a choice a LOT of people make! Last, the subsidy now in DC for section 8 is well over market value, There are LOTS of freebies already.[/quote]

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