Personally, I'd like to abolish the stock market altogether. But this is an attractive, actionable policy

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[–] 5 points 5 months ago (3 children)

That sounds interesting, how do property taxes work where you are?

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  • [–] 13 points 5 months ago (1 child)

    A lot of property tax systems require you to pay a percentage of the estimated value of the property every year in tax. Which is exactly the point, unrealised gains being taxed in the case of your property appreciating while you live there.

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  • [–] 1 point 5 months ago

    Importantly, at least around here, your property gets reappraised (estimated) every few years. It usually doesn't take into account the condition or any upgrades, but it does account for market conditions. If you disagree with their estimate you can get a full appraisal, which will account for those specific changes.

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