Deputy Treasury Secretary on new affordable housing plan 

How would the services you take for granted be paid?

lol you think getting rid of property tax will reduce home ownership cost? That’s literally the only thing preventing billionaires from buying every square foot of real estate in America.

@@joshmiller2725 Well if you don't have to pay your property tax bill, did it reduce your costs? Billionaires will do the same regardless. Competition will recognize the cost savings and get passed on.

With that logic why don’t we give 2.5% mortgages to everyone. That should reduce costs too right? Oh wait we just did that and housing doubled

@@joshmiller2725 Mortgages come from a private business, and you have the choice to go through them or another and they are out of your life when the debt is paid. No choice in property tax, you get the shake down. An old lady living single in her house where she brought up her family till she can't afford the Property Tax that gets raised every year gets booted out of her house, sad. After you pay the set price you should own it period. Taxation is plain and simply slavery period. And they do not need to tax because we all see the debt limit keep going up at will and we all hear Alan Greenspan say the USA will never default on its debt because we can just print it up. This tells you that they are taxing us for nothing other than control. So, you must be a control fan? Guess what control fan, the robots will be coming off the assembly line any minute now and all jobs will be wiped out by a tidal wave. People with no jobs can't pay your control tax. What are you going to do hand out UBI just to take it back?

They're not increasing the housing supply.