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Blame regulation, not financial speculation, for skyrocketing housing prices
- josephcsible 5y agoThe regulations in question are local governments' building regulations that artificially limit the supply of new houses.
- sunstone 5y agoLow interest rates also play a big part.
- innagadadavida 5y agoIf you want to regulate, limit the number of homes that a person can own and avoid paying taxes. My neighbor pays 1/3 property tax as me on his rented out investment property.
- readonthegoapp 5y agoThe housing market could use some regulation. Against price fixing and other anti-competitive practices. Against using housing as investments, generally. Against free money for homeowners but not renters. Against redlining.