Quote:
Originally Posted by Build.It
If you import millions of people and don't adjust your land use policies so that construction can keep at the same rate, you're going to get price surges.
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Obviously.
Just so it's clear, I'm not saying that taxing unproductive behavior more while taxing productive behavior less would solve the fundamental problem that we import a LOT more FNSs than our finite ability to build new housing -- only matching the intake of new warm bodies to the industry's ability to build (two ways of doing this, as there are two variables) can solve that one.
But it would help, that's all I'm saying. There are lots of empty real estate in this country, which worsens an already pretty acute crisis. And the only reason why there's so much empty real estate is that empty real estate is approximately cashflow neutral (as well as being hassle-free, but that one wouldn't be sufficient to make it interesting, it takes both).