@PorcRoss0@PolicyEnjodgn9@Michael_Druggan@BadEconomicTake If a home can get that much in rent, wouldn’t that imply that it’s simply worth more than you’d prefer?
Sounds like a great way to accurately assess value. You just don’t actually want that.
@WRnation123@BraddrofliT@Tundru_DireWolf This may be, but it's a significantly less common scenario than assessed values rising and the rate staying roughly the same
@Yourmomgoesto11@Michael_Druggan@BadEconomicTake Feels mostly semantic to me, but wealth is pretty consistently used to mean "Assets less debts" in economics contexts.
Wealth taxes - where they've been implemented - are usually on net worth not gross assets. I don't see why this would be different.