What this plan would do is make it impossible for blacks to sell their homes and increase their tax bill making it more likely the government can take the home.
The government can then condemn the property and give it to a developer to build "affordable housing".
It will also prevent private development in those neighborhoods keeping them reliant on the welfare state thus keeping them voting democrat.
Politicians then get kick backs from the developers.
Poor people stay poor and have their most valuable asset stolen from them thus keeping them poor.
This is exactly right. People are thinking this lowers everyone's house value. No, it increases the value of ghetto houses to match non-ghetto homes....which increases the tax burden....which the owners won't be able to cover. So they lose their home due to unpaid taxes...and guess what? When the city sells such homes, they usually undervalue it. So, the developer who buys it will buy it for the original price....the price which the owner couldn't sell it at bc it was illegal. And no one with a brain would have bought it at the higher price. So, yes, this is a gift to developers and a nice kickback scheme.
To the people asking how this helps:
What this plan would do is make it impossible for blacks to sell their homes and increase their tax bill making it more likely the government can take the home.
The government can then condemn the property and give it to a developer to build "affordable housing".
It will also prevent private development in those neighborhoods keeping them reliant on the welfare state thus keeping them voting democrat.
Politicians then get kick backs from the developers.
Poor people stay poor and have their most valuable asset stolen from them thus keeping them poor.
This is exactly right. People are thinking this lowers everyone's house value. No, it increases the value of ghetto houses to match non-ghetto homes....which increases the tax burden....which the owners won't be able to cover. So they lose their home due to unpaid taxes...and guess what? When the city sells such homes, they usually undervalue it. So, the developer who buys it will buy it for the original price....the price which the owner couldn't sell it at bc it was illegal. And no one with a brain would have bought it at the higher price. So, yes, this is a gift to developers and a nice kickback scheme.
This.