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Why, after reading an article about a situation driven in part by this policy, do you believe it would have the opposite effects that it is currently provably h
by vdqtp3 2y ago
Why, after reading an article about a situation driven in part by this policy, do you believe it would have the opposite effects that it is currently provably having in the real world?
- lmm 2y agoWhat are you talking about? The policy has kept housing prices low, exactly as it was meant to. If the cost of having housing as affordable as Japan's is having a few empty houses lying rotting in the countryside, it's one I'll pay gladly.
- shiroiushi 2y agoTaxing land value isn't the reason housing is cheap in Japan. This doesn't mean it's a bad idea, but the main reason prices are currently low is because 1) there's no economic bubble going on like there was in the 1980s, and 2) zoning policy here allows new construction of housing units on a huge scale to meet market demand, unlike other countries where zoning policy makes it very difficult to build new housing.