Mayor Coss and your City Councilors P.O. Box 909 Santa FE, NM 87504-0909 Dear ___________________: As a constituent and a REALTORŪ, I am writing today to thank you for taking action to prevent the passage of a home excise or transfer tax in my community. Home ownership is the American Dream. A home excise tax would have a tremendous negative impact on the ability of my clients and neighbors in achieving the American Dream. In the past _____ years, I have sold many homes. I have welcomed many New Mexicans to the joy of homeownership. Many people today have trouble obtaining financing for a home purchase. I see potential buyers routinely turned away because they are as little as $50 short of having enough income or down payment to qualify. The imposition of a real estate transfer tax would add hundreds to thousands of additional dollars in closing costs. These additional costs would prevent even more people from buying a home. Your opposition to home excise or transfer taxes does a great service for your current and future constituents. I applaud you for putting an end to the home excise tax.