Things don’t get cheaper for no reason.
Things don’t get cheaper.
Housing got cheaper in Japan. They went from the most expensive housing in the world to the cheapest in the industrialized world
They did it by removing barriers to building housing, and incentivizing building homes. The downside is that rich people can’t profit as much off housing, which is a non-starter in many other countries
Will only get cheaper if there is large scale deflation, and then nobody will be able to afford a house because everyone will be unemployed.
Make it less economically attractive to own multiple houses (ban Air B&B, high tax rate on ownership beyond primary residence, ban corporate ownership of certain types of home, etc) and maybe we’ll see some shift.
There already is higher tax rates and higher mortgage rates on investment properties. It’s still worth it for small time investors.
Sure. Make 'em even higher. Plus all the other suggestions.
and if that still doesn’t work, i’m sure public flogging would have an effect.
I am brave enough to support public flogging of landlords.
Or very high and progressive multi-property taxes 🫣
