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Would you use your savings to build property in a city with policies like this? How long will new property be exempt? 5 years? What then? Nearly no one will bui
by JanSt 7y ago
Would you use your savings to build property in a city with policies like this? How long will new property be exempt? 5 years? What then? Nearly no one will build anything anymore.
- tmalsburg2 7y agoI would absolutely consider building in a city that has so much demand and that is so deperate to slow down the development of the real estate market.
- icebraining 7y agoThis is essentially a tax. People still buy and sell things that have taxes levied on them. Yes, too big a tax could spell very real trouble (I've seen it happen in my city), but as long as rents are allowed to rise with inflation, construction should remain profitable.