> RE market is about 10%+ of the entire GDP, so we want individuals to park their money and use it as an investment vehicle as a part of the consumption cycle.

> RE market is about 10%+ of the entire GDP, so we want individuals to park their money and use it as an investment vehicle as a part of the consumption cycle. Hard no, that’s how we got here. When it’s part of the investment cycle, developers won’t build or build only ones that maximize profits, NIMBYism thrives, and it makes it so that the only people able to buy are the ones who least need it. If you have enough money to buy a __house__ for someone else, then you have enough money to pay much higher taxes. This isn’t like buying a car for someone. Btw, the GDP contribution is about 18% [1] due to price being propped by extensive construction on the supply side. This is by design, and we shouldn’t be encouraging it. [1] https://www.nahb.org/news-and-economics/housing-economics/housings-economic-impact/housings-contribution-to-gross-domestic-product https://www.nahb.org/news-and-economics/housing-economics/ho...