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> Until we make housing into a much less attractive "Investment" we will see obscene pricing levels. The only way to do that is to increase supply of housing.
by bequanna 3y ago
> Until we make housing into a much less attractive "Investment" we will see obscene pricing levels. The only way to do that is to increase supply of housing.
That isn't the only way.
We could eliminate the many tax benefits like: accelerated depreciation, 1031 exchange, step up cost basis for inherited property, etc.
- bhickey 3y ago> step up cost basis for inherited property Heck, there's no policy justification for having the stepped-up basis at all.
- deschutes 3y agoPeople who have houses like it. Doesn't mean it's good policy.
- foxyv 3y agoEven without those tax benefits, I still made $60k in equity just by owning my own house. Probably more in the time since I last checked. There just is too much money and not enough houses.
- bequanna 3y agoSupply and demand. Decrease the benefits for owning an investment property, then the number of people purchasing investment properties will be lower and prices will likely fall.