2 ms·
Most people are focused on salaries. May be salaries wouldn't be such a big deal if houses weren't that expensive. - It is killing the middle class. And the lo
by huherto 11y ago
Most people are focused on salaries. May be salaries wouldn't be such a big deal if houses weren't that expensive.
- It is killing the middle class. And the lower class is hopeless.
- Beyond individuals, it makes the country as a whole less competitive. (Higher costs).
- It affects consumption. (Less available income)
- And hardly anyone is benefiting. Since you cannot sell your house to realize gains. (You still need a place to live)
Are we ready to start a conversation about a Land Tax ?
- JauntTrooper 11y agoI think urban housing demand is relatively inelastic, so I would worry that a sizable portion of a land tax would get pushed down to renters via higher rent and exacerbate the problem of high housing costs.