It's also setting up terrible incentives for the state to continue to see houses appreciate instead of making them more affordable. This makes wholesale housing

It's also setting up terrible incentives for the state to continue to see houses appreciate instead of making them more affordable. This makes wholesale housing reform even less likely than it already is, the state government is just getting its beak wet. Instead of you know, building more houses so that houses can be affordable instead of a good investment. Wanting housing to be both affordable and a good investment is a fantastic example of 'no take only throw' economics.