• mayo
    link
    fedilink
    arrow-up
    1
    ·
    2 years ago

    And if you’re in a HCOL city the municipality is probably thriving off the property taxes.

    • SCB@lemmy.world
      link
      fedilink
      arrow-up
      5
      arrow-down
      1
      ·
      2 years ago

      Property taxes actually need to be raised in most cities, especially for single-family homes.

      Everyone in the suburbs should pay a property tax premium for that benefit, for instance, to address the externalities of having suburbs.

      • mayo
        link
        fedilink
        arrow-up
        1
        ·
        2 years ago

        Maybe in the US but not in Canada.

        • SCB@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          2 years ago

          Canada also has spiking housing rates and thus would also benefit