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<blockquote data-quote="Reprobait" data-source="post: 357251" data-attributes="member: 777">A couple of thoughts.&nbsp; The state is sitting on piles and piles of $$$ while our property taxes and local sales taxes keep climbing.&nbsp; It is time for some kind of reform.&nbsp;&nbsp; I think that the local property taxes need to be capped. The larger cities have a sales tax base and small neighboring communities may have none.&nbsp; This causes people in the small town to do a lot of their shopping in the larger cities.&nbsp; They end up paying for things in their community in addition to things in the larger city. I don't know whether it is happening in ND or not but around the country hedge funds are buying single family homes and turning them into rental properties.&nbsp; This has is happening to a large percentage of homes in some areas.&nbsp; This has horrible implications for the middle class down the road. It would affect people's ability to accumulate wealth and retire.&nbsp; It will affect the stability of families and communities as people become more transient.&nbsp; People will not be as plugged in or invested in their communities.&nbsp; These banks have no heart and will manage these properties to maximize revenue.&nbsp; Maybe ND could sell itself as a place where you can live and actually own a home?&nbsp; We control who can own farmland and pharmacies may we can control who can buy a home. Maybe use the property tax code to do it?</blockquote>

[QUOTE="Reprobait, post: 357251, member: 777"] A couple of thoughts. The state is sitting on piles and piles of $$$ while our property taxes and local sales taxes keep climbing. It is time for some kind of reform. I think that the local property taxes need to be capped. The larger cities have a sales tax base and small neighboring communities may have none. This causes people in the small town to do a lot of their shopping in the larger cities. They end up paying for things in their community in addition to things in the larger city. I don't know whether it is happening in ND or not but around the country hedge funds are buying single family homes and turning them into rental properties. This has is happening to a large percentage of homes in some areas. This has horrible implications for the middle class down the road. It would affect people's ability to accumulate wealth and retire. It will affect the stability of families and communities as people become more transient. People will not be as plugged in or invested in their communities. These banks have no heart and will manage these properties to maximize revenue. Maybe ND could sell itself as a place where you can live and actually own a home? We control who can own farmland and pharmacies may we can control who can buy a home. Maybe use the property tax code to do it? [/QUOTE]

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