4 ms·
What's stopping people from doing that?
by tareqak 8y ago
What's stopping people from doing that?
- DuskStar 8y agoI imagine that would be because it takes land prices and shoots them through the floor. This is rather unpopular among people who own land, which in the US is a large portion of the population.
- tinus_hn 8y agoAlso if you do that the prices of houses go down so if people can’t pay their mortgage and the house is foreclosed on the bank doesn’t get their money, which can easily go out of control and cause a crisis.