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You're completely missing the point of the comment you're replying to, though. The parent comment suggests that the cost of investing is not high enough. Moreo
by epgui 1y ago
You're completely missing the point of the comment you're replying to, though.
The parent comment suggests that the cost of investing is not high enough. Moreover, they suggest that it should not only be a higher cost, but that this cost should be redistributive.
- zdragnar 1y agoThe proposed cost isn't redistributive, though. The investors aren't running a charity, and there's an inelastic supply, so they'll be passing the cost of all of those taxes on to the renters until they have a comfortable margin again.
- deleted 1y ago[deleted]
- epgui 1y agoYou could argue that (I would disagree to some degree), but the comment I replied to didn't argue that.
- kelipso 1y agoYou are completely missing the point of my comment though. I am saying it’s immoral to buy property in excess in the first place. So it should be discouraged, disincentivized, or made illegal, yes, and there are plenty of ways to do it, and sure, that is one of them.