Originally Posted by
fcoolaiddrinker
Its a subsidy because the existing homeowner payed more based on a favorable tax law that’s going away so your making them whole. Make it a one time deal potentially. Agree on the rest. Now we’re getting somewhere.
the existing homeowner only paid more because you’re drawing a line in a specific year. over the same number of years of ownership, a person with the misfortune of being born after the existing homeowner will always pay more (both nominally and as a proportion of their wealth from the home). there’s no debt that a younger person needs to pay to make an older homeowner whole.