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A comment on Why America can’t build. Parent comment

Re:Why America can’t build by missedthecue on Monday June 27, 2022 @04:13PM (#31900159)
NZ banned foreign investors and average home prices are up about 50% in the couple of years since that happened.

Foreign buyers just don't make up enough of the market, and neither do people with 5+ residences.

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Re:Why America can’t build by Chilko on Monday June 27, 2022 @06:12PM (#31901548)
The lack of any capital gains tax plays a big role in this case
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