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A comment on Even the Rich Are Being Priced Out of Central London. Parent comment

Re:Even the Rich Are Being Priced Out of Central London by Tiktaalik on Friday September 02, 2016 @04:09PM (#12415898)
I think it remains to be seen whether the Vancouver tax changes have worked. There's been a bit of a slowdown in sales, but that could just be investors taking a brief pause to evaluate the new situation.
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Re:Even the Rich Are Being Priced Out of Central London by hkmurakami on Friday September 02, 2016 @07:18PM (#12416906)
They really need it to be an ongoing annual tax increase (ex: vacancy tax).

It's like a capital gains tax versus a wealth tax. The latter has way more impact then the former.

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