3 ms·
How can any government ever tackle this issue when many millions of people have already invested huge chunks of their future earnings into the scheme? Explicitl
by oh_sigh 3y ago
How can any government ever tackle this issue when many millions of people have already invested huge chunks of their future earnings into the scheme? Explicitly saying "go pound sand" isn't going to work politically, but at the same time the government is implicitly saying that to people who don't own a house.
- reducesuffering 3y agoA slow bleed by leveling out home prices. No appreciation, but no decline. Just let inflation catch up.
- tmnvix 3y agoYep. Keep price rises in check by slowly introducing wealth taxes (LVT, capital gains, whatever). Balance this with decreased tax-take from income. Also ensure that central bank remit takes proper account of property inflation to keep interest rates in check (i.e. not letting them get too low while house prices are rising too quickly).
- zbrozek 3y agoDon't forget actually building homes cheaply.