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Transfer Taxes with Tim Logan of The Boston Globe E30
Manage episode 311775023 series 3182824
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Boston Globe Real Estate Writer spills the beans on Real Estate. Our Podcast today talks about high rents, need for affordable homes, transfer taxes, rent control the middle class families have difficulty in the Boston area finding homes that are a good fit for them. Tim Logan, real estate writer, from The Boston Globe shares what he has covered in the past months on all these issues. Transfer tax is in front of the legislature this week. The idea is to charge a 1% transfer tax to both Buyers and Sellers. There are some towns in the Commonwealth looking at this for homes beginning at $400,000. This is a slippery slope. Once towns are reaping income from people who own homes and live in these towns they will, of course, jump from taxing some sales to taxing all sales.
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