Hagardy t1_j2263yu wrote on December 29, 2022 at 2:45 AM

Reply to comment by NEK_USA in Vermont lawmakers aim to make housing more available and affordable by dropkickninja

~~forced out~~

except you've turned $80k into nearly $200k simply by purchasing at the right time. I suspect you won't be homeless with your six figure windfall. $1,800/year in increased taxes on an $80k+ profit seems like...not very much?

I know it's theoretical value until you sell, except you have that value in equity.

NEK_USA t1_j237cpr wrote on December 29, 2022 at 9:02 AM

Equity means nothing if you love the place you live, don't plan on ever selling and want to spend the rest of your years there. I understand what you're saying. People shouldn't be forced out due to the burden of taxes. Our house is not worth that much BTW not unless we have another covid buying frenzy and people's heads aren't right due to fear.