Thanks for digging it up. I agree that a limit on sale price is just like rent control. Creates a ton of distorted incentives in the marketplace.
Re:Find a new city
by bufordsharkley on Friday August 05, 2016 @09:43PM
(#12236672)
I could see it being useful in spreading risk, etc (it could essentially replace the need for zoning laws), but it doesn't really attack the underlying problem.
I see it as being compatible with a land value tax (which would align incentives optimally), but not a replacement for it.
In some ways, this appears to be analogous to rent control, except each apartment is replaced by a home.
I see some similar issues, though-- if a CLT becomes extremely attractive, I wouldn't suspect it wouldn't necessarily respond to signals that more housing stock is needed. You could get to the point that there's a scarcity of affordable housing, much as you see with rent control today.
Am I missing something in this analysis?
[0] https://upload.wikimedia.org/wikipedia/commons/5/50/Communit...