Wednesday, February 20, 2008

Making Consumers Pay For Not Being Builders

House Bill 565 subsidizes home builders who have a new property that sits completed but unsold for more than a year.

The property tax break the builders get from this bill comes at the expense of other taxpayers. Those of us who don't build houses on spec probably avoid that line of work to avoid the market risk, don't you think?

I know it is a common practice by now, but this effort to pick winners and losers in the marketplace is not something we need to do.