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Credit card companies are hesitant to push for the measure because it can slow transactions and may tempt consumers to use a competitor's card instead.
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Burcak Inel, financial markets adviser at the European Banking Federation, a trade group, said the notification requirement slowed transactions down and increased their cost.
Virtually all markets are in decline; the Manhattan data are skewed by some very high-end deals, but the severely slowing transaction volume tells the story.
However, what this is showing is slowing transaction revenue growth — which, as the company prepares to go public, is not necessarily the strongest sign for investors.
A retail store I worked at used to gather them by requiring an email with every transaction — but that requirement can slow down transactions, and is really only practical if a user terminal was involved in the flow.
Failures in both have similar consequences: they raise costs, slow down transactions and deter investment.
Does this process slow down transaction times?
Taxing dividends only once will also reduce the slew of transactions, particularly in leasing, that have been artificially pumped up to cut tax bills.
In some cases, such as with luxury apartments, the government's measures have succeeded in depressing sale prices, slowing down transactions and helping the rich pick up properties at a discount.
The legal element of buying a house is regarded as a necessary evil, the part that always slows the transaction down.
Why subject yourself to a slow-motion transaction through a dial-up modem at home, when you can complete a high-bandwidth purchase at the office?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com