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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (358248)	11/13/2007 9:22:07 AM
From: Road Walker	Read Replies (1) of 1573434

How about raising property taxes on homes that are not a primary residence? This would hit the right group (the rich who can afford more than one home) and would discourage owning homes for investment or leisure thus lowering the cost of a home in general and making them more affordable to non-home owners. Poor people can have a dividend or a capital gain, but only the rich can afford two homes. That's the effective result here is Florida.... not sure about other states. First there is a 'homestead exemption' of $25K taken off the top of the valuation. Also there is a 3% cap ('save our homes' law) on increases for primary residences. It may not sound like much but there is a huge difference if you've been in your house for years.

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