Thursday, June 21, 2018

Affordable Housing

The Sacramento Bee published it's Influencers solutions to California's housing problems.

The problem with those influencers is that none (so far) mention the real solution: Higher real estate taxes. Low real estate taxes reward land speculation, and drive prices up. Taxing the "rent" (unearned profit) out of real estate keeps prices low, and housing affordable. This is classical economics, BTW (and Henry George). Check out the case for those taxes here.



But the Bee is so liberal! No?

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