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<p>[QUOTE=&quot;-jeffB, post: 26767412, member: 27832&quot;]It&#039;s time for a major readjustment of how we look at home prices and home equity. At this point, you have to be relatively well off to buy a house in many markets - or, conversely, if you &quot;own&quot; a house, you&#039;re relatively well off, whether or not you know how you&#039;re going to pay for your next load of groceries.</p><p><br /></p><p>As for &quot;net worth taxes&quot;, I recall that my wife&#039;s parents had been considering retiring to North Carolina, but were put off by the state&#039;s &quot;intangibles tax&quot;, a tax on stock holdings inversely proportional to the company&#039;s exposure to NC taxation. (In other words, if the company didn&#039;t pay taxes in NC, stock in that company would be taxed.) This was a tax on <i>holdings</i>, not on <i>earnings</i>. It was ruled unconstitutional and repealed before my wife and I moved here.</p><p><br /></p><p>If you want to look at that as an example of &quot;driving wealthier people out of state&quot;, I won&#039;t stop you, although my in-laws&#039; &quot;wealth&quot; was certainly not extravagant.[/QUOTE]</p><p><br /></p>

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