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There is a point when you run out of people who are willing to spend millions on the empty investment vehicles so I'm hoping even those properties will help wit
by kokey 5y ago
There is a point when you run out of people who are willing to spend millions on the empty investment vehicles so I'm hoping even those properties will help with supply when the tide eventually do go out. Unfortunately it could take a very long time before this happens.
- mattmanser 5y agoIsn't it widely used for money laundering and wealth sheltering? Don't think there's an end to that money.
- slavik81 5y agoAn endless supply of money sounds like a great source of tax revenue. It's rather difficult to evade a property tax.
- llampx 5y agoThere are millions of chinese and other people who want safe investment vehicles. If the government does nothing, land and housing in a big capital can easily be usurped by investors who then take massive tax breaks.
- CryptoPunk 5y agoInvestors will profit most by renting out their property. Allowing the profit motive to work to increase supply is an effective way to reduce the price consumers pay in every industry, including the rental market. Profit is just an emergent form of social compensation for addressing a shortage. That society enacts laws to prevent the profit motive from working, and incentivizing socially beneficial behavior, is a tragedy.