11-12-2021, 07:23 PM
The problem though is the price of the house versus the prospective buyers income. The gap has become too great, many times what it was when we could do that. The only way to bring that gap down is to crash house values, and no politician has the guts to suggest such a thing. It could be done, but it would cost whoever did it their careers.
A carefully applied CGT could start the process, if it was targeted at investors with more than reasonable holdings. But that too would take courage.
We have very few political leaders with that stuff in their veins. If any.
A carefully applied CGT could start the process, if it was targeted at investors with more than reasonable holdings. But that too would take courage.
We have very few political leaders with that stuff in their veins. If any.