• roastpotatothief@lemmy.ml
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    1 year ago

    The argument is mostly valid. But the real point is that capital gains tax needs to change. That would solve the stated problem, without reducing home ownership.

    As a result, a majority of the population is literally invested in seeing the value of homes always go up.

    This is actually not true. In general, ome owners do not benefit from global house price increases.