Buy a home. The paperwork costs a % of the home’s value. It’s the same paperwork whether you buy a 2 million dollar home or $200k home. It is not a insubstantial sum. Plus you you tip your realtor a % of the sale value. Absolute scam.
I think the logic with buying a house is, that a person buying a 2 million house can probably afford to pay more, than a person buying a 100k house. So paying a percentage is in theory fair, not conaidering that 100k houses do now go for 2 million.
… Right, except the closing costs go to the bank, not the government. And these days, in so many markets a basic house can cost a small fortune. So, the bank wins on closing costs as well as the loan.
Buy a home. The paperwork costs a % of the home’s value. It’s the same paperwork whether you buy a 2 million dollar home or $200k home. It is not a insubstantial sum. Plus you you tip your realtor a % of the sale value. Absolute scam.
I assume you mean it is not an insubstantial sum.
I think the logic with buying a house is, that a person buying a 2 million house can probably afford to pay more, than a person buying a 100k house. So paying a percentage is in theory fair, not conaidering that 100k houses do now go for 2 million.
… Right, except the closing costs go to the bank, not the government. And these days, in so many markets a basic house can cost a small fortune. So, the bank wins on closing costs as well as the loan.
Yeah I’m not against taxes that tax the rich more.