|Cap on resale of homes||<– Date –> <– Thread –>|
|From: perri ardman (perriblazeyahoo.com)|
|Date: Tue, 17 Jan 2006 14:01:49 -0800 (PST)|
Hi -- Looking for ideas about how to set a cap on resale prices. We want to discourage speculators, encourage affordable prices, and not create hardship for owners who want or need to sell. Is there a suggested percentage over and above the original price the owner paid? Is there some formula that might relate to the market value or rate of appreciation of real estate in the area? Thanks. You can send responses to perriblaze [at] yahoo.com
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