2 ms·
Yup. That is the problem right here in the real world. Don't disagree a bit. We've seen what happens with price controls, rent controls, government subsidies an
by mythrwy 9y ago
Yup. That is the problem right here in the real world. Don't disagree a bit. We've seen what happens with price controls, rent controls, government subsidies and mandates.
That's why I say I see the problem, not the answer. But I'm pretty sure we can do better than we are right now. Policies discouraging wealth accumulation through living quarters might be a good start.
- irremediable 9y agoHave you ever read much about land value taxation? I think a well-implemented LVT could do a lot to help with these problems -- though I'm no expert, it seems a lot of economists rate it favourably.
- timthelion 9y agoYou don't necessarily need price controls or rent controls. You could put a special tax on second homes which would make renting and investing economically unfeasible. You could even make it so that speculation was enabled by allowing the sale of derivative housing futures (a young person would buy a house at a reduced price, and then have to pay the investor every time the house's price increased over the next 10 years). That would allow both investors to speculate and young people to buy.