then build more housing & supply so more normal people can afford to compete in this market.
in the American system, someone always profits off land no matter what like hoarding baby boomer NIMBYs
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if someone is going to profit off the appreciation it should be locals living here decades not faraway 1% er investors.
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you don't seem to understand that this appreciation isn't free. Comes at a cost. Assets of the old are debts of the young
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u r way robs the remaining middle class & transfers its wealth to corporations holding apt complexes.
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no it doesn't. Lower land values/land costs make it cheaper to build more housing.
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