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There can be more than one problem at once, you know. Zoning laws do keep new houses from being made in some places, and investors buying houses and doing nothi
by dukeluke 10y ago
There can be more than one problem at once, you know. Zoning laws do keep new houses from being made in some places, and investors buying houses and doing nothing with them or raising all local rents in the area to increase the average rent paid are both problems that need to be fixed. At least with the housing tax, we'd see a wealth redistribution, which I could argue is highly needed at the moment.
- conanbatt 10y agoYou have to decide if what you want is to provide people housing or want to raise revenue to do wealth redistribution. IF you add a tax to owning a property, you make it less interesting for people to buy housing, since it will be sold for less, and thus creates less supply for the future renters.