Conservative
A place to discuss pro-conservative stuff
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Oh, you bought your house a decade ago. In your 20's too, which either means you live in a cheap shit hole, or mommy and daddy's money helped you out (either directly, or by shielding you from things like student debt).
I'm assuming that your house is a Patrick Star style rock, and you've been living under it for this whole time, because house prices are up 60%+ since then, in some places more than doubling, all while wages stagnate.
Where did "I think taxes on unrealized gains are a bad idea because house prices go up" become "I don't think house prices go up"?
That doesn't even make sense.
If you're paying a mortgage on a house you bought in your 20's, you aren't going to be affected by the taxes on unrealized gains exceeding $100,000,000, because if you had that kind of wealth you wouldn't have a mortgage...
And how long before it gets lowered? Remember where income tax started? We have historical evidence of government greed.