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Similar to tax avoidance which people tend to loathe, you’re only doing what makes economic sense. So long as it makes sense, it’s hard to criticize or resent s
by steve_adams_86 5y ago
Similar to tax avoidance which people tend to loathe, you’re only doing what makes economic sense. So long as it makes sense, it’s hard to criticize or resent someone for making sound investment in their economic well-being.
I do think it’s a problem when a handful of people have 5 houses and far more have none, but I really don’t see the problem as one originating from the people who own 5 houses. It’s a systemic issue.
I’m not sure your tax solution would work well. Like most individually limited purchases, people can simply forward purchases to family members or in some cases subsidiary corporations.
I don’t see a way through this without major reform. As long as housing is a commodity I don’t think we can fix anything.