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Put it this way: if over-supply were a problem, what would happen?
by jfoster 2y ago
Put it this way: if over-supply were a problem, what would happen?
- lotsofpulp 2y agoDepends if property tax was appropriately high to encourage productive use of the land (rather than letting it sit empty).
- jfoster 2y agoThat's true. Property tax can help, but at some other level of over-supply, it doesn't even matter what the property taxes are. Once there is far too much supply (perhaps to the extent that it would be a bubble), pumping millions of dollars into housing that will sit empty or rent at a low yield will not be a good use of capital.