I'm guessing that baristas can't afford a $2 million-dollar house, so not very pertinent, wiskers. That said, of the 8 spirited bidders in this case they were a mix of Gen Z's, baby boomers and the winning bidders were Chinese/Asian (status of citizenship unknown). Given, land tax on one's PPR is not applicable I would suggest that if an additional tax was applied to the PPR it would only serve to distort the market further. Apologies, if I have misinterpreted your meaning. If so, could you explain in more depth how your proposal would work? - and to what end.
