That's great over time, but the initial shock to the system will be drastic. Sure, they could save more, but it would still take several years. That first few years would be hell for that industry.
Read the link I gave you in #77.
Yes, and no. Taxes on homes could be phased in, and perhaps even an exemption granted for sites that have been planned and approved for development by the cities and states even if the homes were not yet built. This would allow a certain inventory to be planned out in advance to lessen the blow. There is no hard and fast rule with how to implement the NRST and the major hurdles could be buffered to phase in over a reasonable, but hopefully not too long, a time.
Sure, this may cause a deficit in the short run, but I don't see too many congressmen complaining about deficit spending anyway.