Why doesn't the government just let the free market control housing prices?
I am no econ major but what is the point of
- rent control
- foreign buyers tax
Oct 10th, 2017 9:59 pm
Oct 10th, 2017 10:12 pm
Rent control because they felt few tenants are exploited by some landlords by increasing rent abnormally.... so liberals thought it is wise and appropriate to exploit all tenants by charging high rent which is future proof...
Oct 10th, 2017 10:39 pm
Oct 10th, 2017 10:53 pm
The whole monetary system is made up by government. They tweak things to keep the economy chugging along and minimize / avoid bumps on the road to continuous economic expansion. Housing is just another piece.
Oct 10th, 2017 11:08 pm
Trying to win votes... it always comes down to that.
Oct 10th, 2017 11:14 pm
Oct 10th, 2017 11:18 pm
Oct 11th, 2017 12:01 am
Are you ok with:
Oct 11th, 2017 12:16 am
Tax exemption for sale of primary residence
Oct 11th, 2017 12:23 am
hmmm we need immigration... they dont.Piro21 wrote: ↑Oct 11th, 2017 12:16 amTax exemption for sale of primary residence
Artificial suppression of home sale data
Deliberate non-enforcement of bylaws that ban illegal apartments and rentals
Also, why are we even allowing non-residents to buy residential real estate here? Why can't we do what China does and place heavy restrictions on all foreigners who attempt to buy in the country?
Oct 11th, 2017 12:25 am
Oct 11th, 2017 12:42 am
Most of them buy for them to live eventually or their children to live (school, work etc) or to invest for tenants. Sure some just buy to speculate....
Oct 11th, 2017 2:18 am
Oct 11th, 2017 3:52 am
Thanks for the lolz.Qrewpt wrote: ↑Oct 10th, 2017 10:39 pmBecause governments is ultimately on the hook for bailing out our financial system if it fails. Therefore government wants to make sure that the prices are supported by fundamentals, and have the right to take action. I as a taxpayer am not interested in bailing out speculators.
Oct 11th, 2017 7:44 am
They'll bail out financial institutions that lend to the speculators , not the speculators themselves, don't you think? Maybe that's what you meant.Qrewpt wrote: ↑Oct 10th, 2017 10:39 pmBecause governments is ultimately on the hook for bailing out our financial system if it fails. Therefore government wants to make sure that the prices are supported by fundamentals, and have the right to take action. I as a taxpayer am not interested in bailing out speculators.