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No, the people who buy the ultra high end stuff will not buy it if it is not a good investment. Tax them more and they will decide that they dont need a huge a
by pydry 2y ago
No, the people who buy the ultra high end stuff will not buy it if it is not a good investment.
Tax them more and they will decide that they dont need a huge and opulent second home in the middle of a city where all the jobs are.
>Inner city land here in Portland has plenty of surface parking lots, one- and two-family homes, and old buildings that have gone unused, sometimes for literally years.
100% land value tax will get rid of those too.
- crooked-v 2y ago> if it is not a good investment Until we catch up on literally decades of underbuilding housing, real estate in most US cities will be a good investment. The only question is which cities are gooder investments than others and how much money the investor has.
- pydry 2y ago>Until we catch up on literally decades of underbuilding housing, real estate in most US cities will be a good investment. Or until the taxes on the investment change.
- cipheredStones 2y ago> 100% land value tax will get rid of those too. How many divisions does Henry George have? It's not really relevant to bring in radical overhauls to our economic system when people are talking about what politically-possible changes might help improve the housing market.