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The challenge here is that you reinforce the spiral. There are indeed communities with levy rates of 18-25%+ but it is generally a sign the community is financially insolvent. The individual and community incentives are in conflict.

wymike 4mo ago

That is in the current paradigm. If house prices fall because they no longer need to be stored of value higher % rates would not necessarily signal the same thing that they do now.

Say the current rate is 4% which = $1000. If house prices fall so that $1000 is now 25% the actual dollar value being paid is the same but the house prices are more affordable.

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