1: Subsidize land w/ income tax, so people buy. 2: Vote to restrict building, driving up land values. 3: Subsidize renting w/ more income tax, driving up rent and property values. Winners: Land owners. Losers: Workers. At least the parties agree on something tho, amirite?https://twitter.com/KamalaHarris/status/1020483499541909506 …
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Or heavily subsidize mass transit near new apartments or dense housing
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It be interesting to estimate how much of this subsidy would actually flow to landlords/homeowners. My guess is that in California around 75% would go to landlords. That’s better than the 100% for the mortgage deduction, but still poor.
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Removing the crazy subsidies for homeowners (like me) would "destroy wealth" and would make bank balance sheets ill. But yeah it would help the humans.
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Not just Fed Tax policy, also State legislation and local zoning.
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