Reply to Educate me - why is gentrification bad?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well, the govt could easily grandfather in tax amounts (not rates, but amounts) for those they’d socially like to keep in place. But they don’t and won’t because ... they want your money ... to pay their salaries and to give out money in order to stay in office. It’s the way the world works, but I suppose you can dream out loud about unrealistic policies on a blog. [/quote]

This is actually harder than it would seem. There are some places trying some things like this, but anti-discrimination laws meant to protect against racism can actually make it hard to create systems that would benefit people of color in these situations.[/quote]

That’s the problem with making things about race, even if you believe it is for the better. It will be discriminatory one way or the other. Make it about longevity and resist the people that tie everything to race. If you have owned as a primary resident for y number of years your tax burden is reduced significantly. Offset this by having higher property tax rates for new home buyers, with highest rates in first five years of ownership with reduction each 5 years. Also have progressive tax rates based on home value with homes over a certain market value having a higher rate. Adjust the threshold annually to account for inflation. Double hit on uber expensive properties that turn over quickly. Also, no property ownership for foreign entities. You must rent, but rental rates cannot be usury. [/quote]

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