Hacker News Reader

And that's going to further mess up the housing supply for people who want to buy instead of rent.

I wonder if property tax could be stratified so people who actually live in their property pay less than outside investors? If something doesn't change, we may be careening towards a dark deepening of economic inequality.

It exists, it's called the Homestead exemption.

I looked that up. It seems to apply to shielding part of the equity in your house during bankruptcy, which seems to be unrelated to brundolf's comment about property taxes.

Are there states that have different tax rates for lived-in and rented property? If so, can you supply some specifics?

This is exactly the issue. Individuals cannot compete with a cash offer that often ends up much higher than the asking price. Almost nobody has that kind of cash on hand.

There is a ton of money exiting the bond market looking for yield, this is driving up stocks reducing earnings. Probably a lot of people exiting their previous investments looking for places to park their cash. I'm in this boat.