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A comment on Maybe Treating Housing as an Investment Was a Colossal Mistake. Parent comment

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by rcme on Monday March 06, 2023 @12:38PM (#35044284)
> This is pretty much the crux of it. High housing prices could be "fixed" almost overnight

This is a crazy thing to state with almost no justification. How could housing prices be fixed overnight? Please don't say "zoning changes." Plenty of places without zoning issues have really expensive real estate.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by riku_iki on Monday March 06, 2023 @02:08PM (#35046047)
high enough property tax.
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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by rcme on Monday March 06, 2023 @02:10PM (#35046074)
Wouldn't that make homes less affordable and increase rents?
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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by riku_iki on Monday March 06, 2023 @02:47PM (#35046614)
it will make houses less attractive investment vehicle: people will start selling rental houses and downsize to smaller units, which will create additional supply on the market.

Also, in case of California for example, if prop13 got eliminated, it will hit mostly existing house owners, and not new ones.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by missingrib on Monday March 06, 2023 @06:04PM (#35049092)
What's an example of a place without "zoning issues" with really expensive real estate?
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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by rcme on Tuesday March 07, 2023 @06:13AM (#35054052)
NYC
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