Quote:
Originally Posted by rubecube
Because the tax wasn't implemented to help third-world countries so it's completely irrelevant. If the tax is causing more people to stay in their current homes, leaving more vacancies, or it's causing the market to settle and become more affordable then it's doing it's job. We'll have to wait and see if it's actually effective. I think you actually need to do more than that to make it effective
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That was my intention, as your comparison was irrelevant to the argument as well. That is, if we're arguing about the same thing. My argument is not about housing affordability (as I obviously agree something needs to be done), my argument is this could have been implemented without having an impact on existing sales.
I'm not sure how you thought I was arguing against there being a bubble, as that was never my point.