Dear Editor:
“Kudos” back to Tom Dodd (Foreign Homebuyers Tax Poorly Implemented, Aug. 14 Other Voices opinion piece) for enlightening us peasants on real estate transaction policy and selling schedules. If a foreign buyer can come up with $4 million cash, then surely they can find a mere $600,000. Todd asks: “...what kind of responsible jurisdiction applies that kind of punitive taxation retroactively?” Well, there will always be transactions in the works so when would be the most opportune time to introduce the tax according to Mr. Dodd?
This should have been done years ago. Unfortunately for the seller, they may have to lower their price to appeal to local buyers, which is the point of the tax. Hopefully, this tax will curb the greed that is infecting this country.
Richard Rodak
West Vancouver
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