If they don’t have a property or wage tax, how are they going to pay for any state or local services? Their sales tax isn’t particularly high… Are they going to try and do it on the backs of tourists and non residents? Risky, as there’s lots of places to go that are warm on the ocean.

It is not a bad idea to have Canadians completely diverge from US economy. Sell it and take your money back to Canada.

Nevertheless, Canadians own something like 500k properties of 7M-10M properties in Florida. The $12B of tax deficit carried by those properties alone would raise their taxes to $24k a year per year for $300k property; Good luck collecting. In 4 years they would lose $100k of property price to taxes so its a no brainer that they would sell and get out and they would never look back. Canadian Snowbirds will obviously choose places like Mexico to just rent; why buy.

They are going to transfer the ownership to Americans and then what? Then the deficit would even rise faster to $13B .

Something tells me federal taxpayers (or more precisely, those in blue states) will end up footing the bill for this.