Don’t assume the only options are a 100% fix or do nothing dropping prices by even 1% makes a significant difference.
Further these taxes aren’t about the every day situation they are to get the market to respond to temporary dips which helps deflate bubbles and keep the market healthy.
> Don’t assume the only options are a 100% fix or do nothing dropping prices by even 1% makes a significant difference.
This is hyped as the Big Headline Fix For Everything and its impact is trivial. 1% impact on rents? No way. Zero-point-one percent, maybe, but I still doubt. Why is anyone even wasting time talking about it? Where is their vision?
Further these taxes aren’t about the every day situation they are to get the market to respond to temporary dips which helps deflate bubbles and keep the market healthy.