I think that’s a feature. We don’t want to distort the market valuation or increase actual turnover. We mostly want actual transfers to happen at about the same rate, and for the same reasons, as today—because the buyer values it significantly higher (enough to cover transaction and moving costs) than the current owner.
It _does_ depend on speculators being willing to have open bids that are below the “true market value” (whatever that means) but above the last-sale or current-tax-valuation-system amount. I strongly suspect that this would occur.
This is simply a mechanism to make the market more visible, to let the tax authority get closer to “true” value in the periods when no actual sales occur.
I think that’s a feature. We don’t want to distort the market valuation or increase actual turnover. We mostly want actual transfers to happen at about the same rate, and for the same reasons, as today—because the buyer values it significantly higher (enough to cover transaction and moving costs) than the current owner.
It _does_ depend on speculators being willing to have open bids that are below the “true market value” (whatever that means) but above the last-sale or current-tax-valuation-system amount. I strongly suspect that this would occur.
This is simply a mechanism to make the market more visible, to let the tax authority get closer to “true” value in the periods when no actual sales occur.