Now hang on a tick. Higher taxes = more capacity for govt interference per capita. Generally, more government interference translates directly to a more restricted, oppressively regulated housing market. A restricted, regulated housing market immediately attracts sharks.Â
I mean, they are worth that much as long as people exist who will pay that much. That's what "worth" means. Would prices be lower if more cheap housing was built? Yes. Would developers build more cheap housing if regulation allowed? I doubt it. Likely they'd build things terribly but slap a coat of "luxury" on it and match current prices, because people who exist who will pay it. That's what capitalism rewards, selling the worst product for the most the market will bear. Quality is only a concern in certain market conditions.
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u/headermargin Jun 20 '25
Id hang you too if you doubled my rent.