Democrat candidate for Georgia governor Keisha Lance Bottoms ‘absolutely loves’ an idea that would make it harder for Georgia families to buy homes, according to audio obtained by Breitbart News. At a campaign event in Macon, Georgia, on May 12, she expressed support for additional fees on new home purchases.
\n\nIn the audio, a speaker said he had an environmental question and recited concerns over land and data centers.
\n\nIn her response, Bottoms talked about Martha’s Vineyard, Massachusetts.
\n\n“For example, in Martha’s Vineyard when someone buys a home, they put money into what’s called a land bank. A percentage of whatever they buy they put into a land bank… There’s a model that can be replicated,” she said.
\n\nThe Martha’s Vineyard Land Bank was created in the 1980s in the ritzy enclave for purposes of conservation, an idea Bottoms apparently wants to take to working Georgia families. The median home price in Georgia has increased by 101.4 percent over the past 10 years.
\n\nThe land bank is funded by charging a two-percent fee paid by the buyer of any property on the island of Martha’s Vineyard and is required to be paid in order to obtain the deed.
\n\nBottoms said…
Original source: https://www.breitbart.com/economy/
