Re:California Approves Statewide Rent Control
by eru on Friday September 13, 2019 @06:37AM
(#20960822)
If we built lots more housing, there are two mutually exclusive possibilities (though honestly, they are on a spectrum):
A) Housing becomes affordable, or B) housing stays expensive.
The latter means we added trillions of dollars to the national wealth.
By the way, please go ahead and do tax property a lot. Ideally, you'd only tax the unterlying land with a land value tax. But even a naive property tax is OK.
That way foreigners buying up local real estate for speculation means foreigners paying for local services.
A) Housing becomes affordable, or B) housing stays expensive.
The latter means we added trillions of dollars to the national wealth.
By the way, please go ahead and do tax property a lot. Ideally, you'd only tax the unterlying land with a land value tax. But even a naive property tax is OK.
That way foreigners buying up local real estate for speculation means foreigners paying for local services.