4 ms·
It is a problem because it creates NIMBY behavior. It is not feasible to fix it because it would require rewriting the US tax code.
by kerbalspacepro 8y ago
It is a problem because it creates NIMBY behavior. It is not feasible to fix it because it would require rewriting the US tax code.
- rcpt 8y agoThe linked paper discusses the idea of an insurance market for property values. Somehow, prior to 1970, housing was a home and not an investment. I'm not entirely sure what happened to change it.