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The components of fairer housing - A fairer society. Yup I went there. Every other solution that tries will eventually be pulled apart by this unless the wealt
by lifeisstillgood 4y ago
The components of fairer housing
- A fairer society. Yup I went there. Every other solution that tries will eventually be pulled apart by this unless the wealth gap is kept under control. This means changes to funding of courts systems, health, education, massive changes to tax system, inheritance law etc etc etc. Everything that makes people who use the term SJW scream.
- oh ok.
- sorry
- Weirdly access to mortgages is an important component - because mortgages are leveraged borrowing over 20/30 years you can front load the price of housing massively. Turns out that is a bad idea.
- land wealth tax. UK built two whole new cities after WWII by announcing 100% land tax. If you owned a field right next to that shiny new train station / school / hospital, then you know it's going to be worth a fortune once fifty houses are built on it. So you are a fool to sell it at agricultural prices. But that just means the social value that the hospital / train station creates is immediately swallowed up by private sector land deals.
If instead everyone knows that egregious profits just get taxed away, everyone settles down and does sensible prices deals, and suddenly all the future value is left in the future and not dumped into todays mortgages.
(See UCL video series, looking for references)