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This all happened because of a strange economic imbalance. Essentially zero interest rates made money basically free to the wealthy. Homes are a special commo
by m0llusk 4y ago
This all happened because of a strange economic imbalance. Essentially zero interest rates made money basically free to the wealthy. Homes are a special commodity as everyone needs one and land use regulations limit quantity. Thoughtfully regulating land so there is always at least some available nearby for residential development can ease that pressure. Zero interest rates were never sustainable and have contributed to a global asset bubble that includes housing and various other economic sectors.
We don't need some special rules against investor home ownership. Simply maintaining reasonable fiscal and land use policies should be enough to restore a reasonable balance.