I actually see an opportunity for a whole new industry here...if an investor purchases a new home for the purpose of investment. He can then sell it to those first-time home buyers and nobody pays taxes on the purchase then...once the investor owns it and then sells it, it’s no longer a new home...it is a used home...:)
When the property is converted from business to private use, the tax must be paid. Your first time home buyer purchasing a used home from an investor pays the tax. Purchase a used car from Hertz, pay the tax.