As a potential home buyer, I am writing this petition because I am deeply concerned about our distorted property market. Housing prices are skyrocketing uncontrollably due to sellers and investors who ask for significantly higher prices within a short timeframe. As such, these sellers and investors are getting exceedingly greedy, while first-time home buyers, like myself, are bearing the brunt of these amplified prices. Furthermore, property agents are making huge profits at the expense of newcomers, causing undue hardship and debt.

Our nation is now at risk. If we don't take immediate action to correct the property market, we may soon be facing a severe recession or even bankruptcy. It is crucial at this juncture to introduce a new tax on short-term property sales, which can serve to control this unchecked greed. Moreover, sellers disposing of properties to first-time home buyers should be exempt from these taxes to encourage such transactions and provide a fair opportunity for these newcomers.

The issue of housing prices and market conditions affects us all directly. According to a study by Harvard University, cities with uncontrolled housing prices experience slowed economic growth (Harvard, 2020). We must work towards creating an equitable system that promotes transparency and prioritizes the needs of first-time home buyers.

Please support us in bringing about this much-needed change by signing the petition. Your signature is a step closer to regulating our property market and safeguarding our economy. Your assistance will ensure that we do not end up becoming victims of a market influenced by greed. Together, by implementing new tax rules for short-term property sales, we can take control of our futures.