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The manipulation is in the political limit of housing supply and the limit on land value tax rates.
by lotsofpulp 6mo ago
The manipulation is in the political limit of housing supply and the limit on land value tax rates.
- jeffbee 6mo agoThe homevoter hypothesis is mostly nonsense. There isn't a coordinated, conscious effort to restrict the supply of homes based on rational expectations of excess returns. People restrict the supply of homes due to misguided aesthetic reflexes, racism, nostalgia, and a bunch of other stuff, not because they are mustache-twirling capitalists.
- pc86 6mo agoMaybe it is (I'm not so sure but I'm open to the argument), but even if true, it's a completely separate thing from someone buying a home and renting it out.