3 ms·
> This is pretty much the crux of it. High housing prices could be "fixed" almost overnight This is a crazy thing to state with almost no justification. How co
by rcme 4y ago
> This is pretty much the crux of it. High housing prices could be "fixed" almost overnight
This is a crazy thing to state with almost no justification. How could housing prices be fixed overnight? Please don't say "zoning changes." Plenty of places without zoning issues have really expensive real estate.
- riku_iki 4y agohigh enough property tax.
- rcme 4y agoWouldn't that make homes less affordable and increase rents?
- riku_iki 4y agoit will make houses less attractive investment vehicle: people will start selling rental houses and downsize to smaller units, which will create additional supply on the market. Also, in case of California for example, if prop13 got eliminated, it will hit mostly existing house owners, and not new ones.
- missingrib 4y agoWhat's an example of a place without "zoning issues" with really expensive real estate?
- rcme 4y agoNYC