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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Worst Idea … Ever … Gets Better
Letter to the Editor, today's Boston Herald
City Councilor Sam Yoon’s proposal to buy back condos and homes when they are auctioned off by lenders appears to be another extension of public housing at the cost of Boston taxpayers (“Plan: It’s time to buy. Council eyes home foreclosure sales,” May 8th).
Assuming that the city owns the property, there apparently will be no real estate tax revenue taken in, thus increasing the burden to the sky-rocketing property taxes.
What should be brought to Yoon’s attention is that you take care of your own first and that others must wait in line. Councilors have refused to hear a proposal that would eliminate property taxes for city employees and others who are under a residency requirement. Yoon should insist that any such proposal on city-owned properties first be given to the underpaid city workers.
- Charles J. Livingstone, Boston
I would guess the reason city councilors have refused to hear a proposal that would eliminate property taxes for city employees is because such a proposal is an INSANE idea, as is the idea that property that the city buys from owners in foreclosure (also an insane idea) be given (given???) to city workers.
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