Always Right (post 70): I really don't see how new homes will be able to compete against existing homes sales under this scheme. The way it is set up, new homes will be at a 30% disadvantage from existing homes the day after this is passed.
Hostage (post 96 response to post 70): New home sales will not be impacted at all. The NRST will be financed as part of the mortgage.
Always Right (post 98 response to 96): Whether it is included in the mortgage makes no difference.
I am and always was talking about competitiveness between new homes versus existing homes. You are ignoring my comment and trying to change the discussion talk about people being able to qualify for a mortgage for the full price with the sales tax. Whether the same amount of people will qualify to buy a new home was your point. I don't know whether that will be true or not. You have never demonstrated that one way or the other. There are far too many variables to make a real determination, although for retirees whose income is not subjected to income tax, I have my doubts if that will be the case. That however was not my point. My point was about new homes being at a disadvantage against existing homes. You wish to continue to ignore my point and want to debate some other point.
Your context is hot air.
You need to do the calculations first. Once you have the quantitative analysis finished, then you can interpret the results.
Your problem is you jump into your ‘context’ interpretations without results. Your interpretations are based on nothing but hot air.
You have admitted you performed no calculations regarding the NRST as part of mortgage financing. But yet you have a ‘context’ about those calculations, meaning you have a hot air opinion.
That’s all we need to know about you. You don’t make the cut.