i am resigned to the fact that my *first home* is gonna be a million dollars which feels insane https://twitter.com/alexbozikovic/status/1397206035794960388 …
Not sure what the central bank can do about this though. Seems like there just aren’t enough homes?
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There's lots! Incentivize building more! Tax owning multiple homes. Tax vacant homes. Implement a capital gains tax! Etc. We have none of these levers here yet.
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None of that is the responsibility of the central bank though?
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