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I think the correct solution to fighting housing speculation is increase property valuation to real world prices, eliminate extra taxes on vacant apartments, an
by mcny 8y ago
I think the correct solution to fighting housing speculation is increase property valuation to real world prices, eliminate extra taxes on vacant apartments, and drastically increase (to about 5% - 7% of valuation every year) the property taxes on everyone.
At 7.2%, the doubling period is about ten years.
This should cool down the market.