At some point the inner city housing will be literally free to buy - because the goal is ongoing revenue from property taxes. The government doesn’t care about the value of the home unless it informs tax values. So we’re eventually going to see property taxes divorced from home values entirely. The government will become your de facto landlord, collecting rent in the form of taxes, against a property you “own” but which has no value. It’s backdoor government housing for all.
At some point the inner city housing will be literally free to buy - because the goal is ongoing revenue from property taxes. The government doesn’t care about the value of the home unless it informs tax values. So we’re eventually going to see property taxes divorced from home values entirely. The government will become your de facto landlord, collecting rent in the form of taxes, against a property you “own” but which has no value. It’s backdoor government housing for all.
How is this different from what they're already doing? Property tax is the clearest violation of the right to private property ever.