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>>You know when humanity started evolving rapidly? When real estate stopped being the main driver for wealth. And you know how the system where the main source
by CryptoPunk 7y ago
>>You know when humanity started evolving rapidly? When real estate stopped being the main driver for wealth. And you know how the system where the main source of wealth was real estate was named? Feudalism.
Real estate stopped being the main source of wealth because other sources of wealth grew, not because the state interfered in the market to hobble real estate as an investment.
Humanity began progressing rapidly because of better enforcement of private property rights, which made investment to create productive capital more profitable.
Deliberately harming the real estate market by making it harder to invest in it will do no such thing, and will only add to the restrictions that have increasingly suppressed housing supply growth, and worsened housing affordability:
https://www.whitehouse.gov/sites/whitehouse.gov/files/images/Housing_Development_Toolkit%20f.2.pdf https://www.whitehouse.gov/sites/whitehouse.gov/files/images...