Does this guy at the so-called "Adam Smith" institute understand that Adam Smith warned about the dangers of unearned land wealth http://www.econlib.org/library/Smith/smWN5.html#B.I … while those who invoked his spirit in the 70s passed Prop. 13, letting private land owners absorb disproportionate land rents?https://twitter.com/Sam_Dumitriu/status/945708446107750400 …
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We are not anarchists, but it is clear that the problem with housing supply is caused by recent excessive restrictions on property rights. See our August paper:https://www.adamsmith.org/research/yimby
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I definitely think that's one part of the issue in California, but so is Prop. 13, which was pushed by the right and is framed as a deregulatory move, when it actually just enabled something that behaves like a private tax taken by landlords, land monopolists.pic.twitter.com/KzL3cGRusE
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what is your position/your institute's position on buy-to-let?
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I see no problem with it. May affect property prices, but not housing costs.
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