I mean this not cool ! you buy a piece of land and it can be taken from you because you can't keep up with inflation... because you have a frugal life sustain by minimal income... it's very unjust... what do you think of the prorpiety tax ?
Do you own the land or not? or is it just a lease? at least be clear from the title...
that's the nuke in the real estate market...
I am not a citizen of the united states but if that happen came true it great news for all property land owners it a big help to them for the tax exemption. I don't think the congress pass the for that because one of the government source to get collection funds is to collect taxe from the rich land owners, so good luck for that decision it that news is real.