[matte_black]

How’re is this tax supposed to fix or ease homelessness?

Several years ago, some friends were looking to purchase a starter home in Seattle, maybe for $250k or so. But they had such a killer deal on rent, they opted to wait a few more years, to save up more money.

Well, in the next few years that dream quickly slipped through their fingers. Now you have to pay upwards of $500k just to get some as-is teardown that you’re not even allowed to look inside before you buy.

[helianer]

Well, taxing something means you’ll usually get less of it, so I guess it’ll reduce demand on housing (probably not what they want since it hurts the economy in other ways). If the money goes to building for those in need it could help a bit.

The only thing that will really help over the long term is building even more apartments.