Comment by bdcravens
2 days ago
IF it results in dramatic reduction of home prices, this sounds great at first, but in actuality, it throws the market into disarray, since many sellers and also buyers, and it may trap home owners who need to sell into bankruptcy.
God forbid someone not sell out of their home. /s Home ownership isn't exactly a crappy life milestone to be stuck at. Yeah it would suck for a select few people who need to get out of one and into another RFN due to life reasons and surely some municipalities would leverage that to really screw people but I think the upside is orders of magnitude higher than the downside.
Come to think of it, I bet making homes less liquid would knock the divorce rate down more than anyone wants to believe it would, lol