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Access to cheap loans is partly what's driving the prices up. I think a better solution would be to enact legislation that penalizes the use of residential real
by eptcyka 5y ago
Access to cheap loans is partly what's driving the prices up. I think a better solution would be to enact legislation that penalizes the use of residential real estate for capital gains or profit in general, including serial landlords and AirBnBs.
- xxpor 5y agoThe right way to do this is to tax the land in such a way that discourages rent seeking: https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism The second thing to do are reforms to make it much much easier to build new housing, as demand far outstrips supply.