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> What would be your proposed solution to this problem, as in how would you remake the real estate market in the US? Higher capital gains tax for investment pr
by zhdc1 4y ago
> What would be your proposed solution to this problem, as in how would you remake the real estate market in the US?
Higher capital gains tax for investment properties to discourage speculation.
The rationale being that it’s perfectly fine to own investment real estate as long as it’s being occupied. Short term speculation incentivizes unrented property (look at any city in East Asia). Incentivizing longer holding periods makes it more likely that the property will be used to extract rents (that is, actually house people, which is what you want).