Quote:
Originally Posted by the urban politician
^ The housing market for the region is definitely not strong for luxury.
A lot of luxury homes are seeing their prices slashed and lingering on the market.
While there are a multitude of reasons for this, increasing the tax on a real estate transfer just doesn't help one bit.
|
You are likely correct for luxury homes ($1 million +), but this also isn’t a regional tax it’s a Chicago tax. I am seeing lines down the street for single-family homes in the $500-$750k range.