Santa Fe considers tax on mansions as housing prices soar

BidenPresident said:
SANTA FE, N.M. (AP) — Voters are deciding whether to tax mansions to pay for affordable housing initiatives in a state capital city prized for its desert-mountain vistas, vibrant arts scene and stucco architecture rooted in Native American and Spanish-colonial tradition.

The tax on homes sold for more than $1 million is being pitched as a lifeline to teachers, service-sector workers, single parents and young professionals who can’t afford local mortgages or struggle to pay rent amid a national housing shortage and the arrival in Santa Fe of high-income digital nomads and affluent retirees.

https://apnews.com/article/santa-fe-votes-mansion-tax-aea562af7f614c54669b3d00e4500a27
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So...communism.

Won't work, fella.
 
T. A. Gardner said:
There are only three red states that have lost population since 2021, and in both the decline was insignificant. Those states are: Iowa, W. Virginia, and Mississippi.

Every other state, in all 16, are Blue. New York and Illinois top the list with the biggest losses by percentage. By sheer number of people leaving, it's New York first and California second. Illinois comes in a close third.
https://worldpopulationreview.com/state-rankings/population-decline-by-state

So, you can whine and groan all you want, but it's obvious that people are fed up with the Left, Progressives, and Democrats and are voting with their feet. High taxes, onerous regulations, intrusive government, and the cost of living all make people leave.
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U-Haul can't even keep enough trucks in California to handle all those people leaving. They literally have to PAY PEOPLE to deadhead trucks back to California (the SDTC).
 
Into the Night said:
U-Haul can't even keep enough trucks in California to handle all those people leaving. They literally have to PAY PEOPLE to deadhead trucks back to California (the SDTC).
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BidenPresident said:
They have not you disgusting liar.
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The great escape: Rich young professionals earning over $100K are fleeing California and New York — here's why and where they are headed
https://www.msn.com/en-us/money/rea...res-why-and-where-they-are-headed/ar-AA1iWEOc

Why some tech companies and billionaires are leaving California
https://www.cnbc.com/2021/01/23/why-companies-are-fleeing-california.html

So, while it is true that the filthy rich like billionaires aren't fleeing California in droves, the upper middle class--those close to being millionaires and low end millionaires--are leaving the state as fast as they can. California is becoming a typical Turd World nation in that a growing segment of the population are poor or working poor with a smaller segment of very rich that really aren't affected by the crazy shit the state does. The middle class, on the other hand, is being hollowed out. They can't afford to stay unless they are fine with becoming poor and see little or no upward mobility in their future if they stay. So, they leave.
 
T. A. Gardner said:
The great escape: Rich young professionals earning over $100K are fleeing California and New York — here's why and where they are headed
https://www.msn.com/en-us/money/rea...res-why-and-where-they-are-headed/ar-AA1iWEOc

Why some tech companies and billionaires are leaving California
https://www.cnbc.com/2021/01/23/why-companies-are-fleeing-california.html

So, while it is true that the filthy rich like billionaires aren't fleeing California in droves, the upper middle class--those close to being millionaires and low end millionaires--are leaving the state as fast as they can. California is becoming a typical Turd World nation in that a growing segment of the population are poor or working poor with a smaller segment of very rich that really aren't affected by the crazy shit the state does. The middle class, on the other hand, is being hollowed out. They can't afford to stay unless they are fine with becoming poor and see little or no upward mobility in their future if they stay. So, they leave.
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Thread is about Santa Fe, you illiterate troll.
 
BidenPresident said:
Thread is about Santa Fe, you illiterate troll.
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Santa Fe is the same way. N. Mexico has a high cost of living in part because of high taxes.

New Mexico ranks at the 14th highest tax burden, according to WalletHub. Residents pay around 8.8% of their total personal income to state and local taxes.
https://www.krqe.com/news/new-mexico/how-burdensome-are-new-mexicos-taxes/

That's just two places behind California and nearly the same level of taxes as that state.

Toss in a Democrat and fairly progressive state government, and you get the same perfect shit storm California is having.
 
T. A. Gardner said:
Santa Fe is the same way. N. Mexico has a high cost of living in part because of high taxes.

New Mexico ranks at the 14th highest tax burden, according to WalletHub. Residents pay around 8.8% of their total personal income to state and local taxes.
https://www.krqe.com/news/new-mexico/how-burdensome-are-new-mexicos-taxes/

That's just two places behind California and nearly the same level of taxes as that state.

Toss in a Democrat and fairly progressive state government, and you get the same perfect shit storm California is having.
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All false. The rich are flocking to Santa Fe. Always has been that way. I live there--so stop fucking lying.
 
BidenPresident said:
All false. The rich are flocking to Santa Fe. Always has been that way. I live there--so stop fucking lying.
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https://www.nmlegis.gov/Entity/LFC/...ntinue for at least a decade before declining.

The only demographic according to official N. Mexico state measures that is growing in N. Mexico is the over 65 population.

In other words, old hippies and the like who are into being abused by a Leftist Democrat government and want to live their golden years in a commune or something are going there.
 
Mayor ALAN WEBBER: In a nutshell if this measure passes, we estimate we'll get $6 million a year into the affordable housing trust fund. It's more than what we get now, which is largely dependent upon my putting it into the mayor's budget.

It's also used for direct construction of new affordable housing. So, we've helped with several 100% affordable apartment complexes as well as other development costs, like soft costs, design costs. We've used funds for rental assistance and that's helpful because they're local funds so we don't have to use the federal guidelines for assistance, which can be really really onerous.We've used them a lot for rehab.

https://www.kunm.org/local-news/202...e-housing-director-talk-about-the-mansion-tax
 
Mayor WEBBER: For people who are reflecting on this, I think there's absolutely no downside to this measure. It meets a crying need for funds to help support affordable and workforce housing. The people who will benefit our folks like teachers, nurses, police officers, firefighters, EMTs, folks whose families have lived here for generations and want their kids and grandkids who work in Santa Fe to live here.

This is a tax designed to provide the funds we need so that anyone can work and live in Santa Fe and we don't become the kind of community where only wealthy people can afford to live. The protections are in place to guide how the money will be spent through the affordable housing trust fund and the appointed board of residents.

https://www.kunm.org/local-news/202...e-housing-director-talk-about-the-mansion-tax
 
BidenPresident said:
Mayor ALAN WEBBER: In a nutshell if this measure passes, we estimate we'll get $6 million a year into the affordable housing trust fund. It's more than what we get now, which is largely dependent upon my putting it into the mayor's budget.

It's also used for direct construction of new affordable housing. So, we've helped with several 100% affordable apartment complexes as well as other development costs, like soft costs, design costs. We've used funds for rental assistance and that's helpful because they're local funds so we don't have to use the federal guidelines for assistance, which can be really really onerous.We've used them a lot for rehab.

https://www.kunm.org/local-news/202...e-housing-director-talk-about-the-mansion-tax
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Communism doesn't work.
 
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