Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Hey wait a minute, then why are prices so high. (lemmy.world)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 3 months ago* (last edited 3 months ago) (1 children)

Victoria has introduced a tax on vacant homes, but they're finding it hard to enforce in practice (there's really only a bunch of indirect indicators that you can rely on, stuff like census date, electricity use, etc), and it turns out that the bastards that would just leave a house empty have no issue with not declaring this.

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[–] [email protected] 1 points 3 months ago

Land Value Tax solves this problem.

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