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zzzzzzzza | 2 years ago

my suspicion would be that more equitable wealth distribution would make housing even more expensive

in some scenarious even taxing third homes could ultimately reduce the supply of housing

a land value tax on the other hand...

discuss

order

nojvek|2 years ago

Why would equitable wealth distribution make housing expensive?

BigRedDog1669|2 years ago

My guess is that they meant: If you give a lot of people that previously couldn't afford a house more money it will increase the demand and prices. The issue is that there is a shortage of housing which is primarily due to zoning preventing the construction of houses in a lot of areas.

zzzzzzzza|2 years ago

for any given dollar a middle class/poor household would be more likely to spend it on housing or additional square footage than a richer household