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I'm going to predict that governments go this direction because of all the problems the housing market economy has caused.
by whymsicalburito 8y ago
I'm going to predict that governments go this direction because of all the problems the housing market economy has caused.
- refurb 8y agoSuch as?
- OtterCoder 8y agoMassive housing price inflation relative to median incomes, for one, which the popularity of real estate and rental property ownership as an investment/speculation tool has greatly contributed to.
- everdev 8y agoI'd argue it's the lending market and tax incentives, not the housing market. The lending market is designed to encourage spending and making higher offers. It brings new people into the housing market faster than they should be entering. The tax breaks around owning a home encourage you to live there for 3 out of the last five years. There are also realtor fees that discourage you from selling. This, along with housing values appreciating discourages people from selling. When my home is appreciating in value, it makes it more attractive to buy as an investment or rent it out while I buy a new house. If you encourage people to buy and discourage them from selling, you're going to get a high demand / low supply situation pretty quickly. If you eliminate the tax breaks and reduce lending, you'd have a pretty balanced market. But who wants to be the politician responsible for slowing home value appreciation?
- whymsicalburito 8y agoAll the reasons listed in the article...
- refurb 8y agoMarket economies don't always result in higher prices. That's plainly obvious. Maybe it's something else?
- anigbrowl 8y agoThere's a whole article which we are commenting about a rent-control policy being passed. Why don't you consider the reasons stated for its passage in the article, instead of asking people here to restate them for you? Sealioning isn't a good way to have friendly discussions.