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Originally Posted by TheIronMaiden
I agree. Taking from 'haves' is not necessarily a direct line to making opportunities for 'have nots'. Simply taking assets from the wealthy will not inherently create wealth for the poor. Structural changes need to occur. That is creating better access to housing, education and healthcare. By and large we have accomplished two of these things ( with some major exceptions). Making equitable housing opportunities is the challenge at hand. Truthfully I don't know how to accomplish this. I suppose that simply putting a cap on how much rent can be charged, or how much a property ( that is land within a city or town) is worth would probably #### up the market. That said, it would directly address the issue at hand rather then being punitive without nuance.
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Get rid of zoning density laws within 10k of downtowns. No more NIMBYs to development. This would decrease land values of high density zones land. And should Increase the availability of Townhoises and Condos driving down the price.
Caps decrease supply and just lead to a grey market of people selling their leases to each other much like taxicab licenses were. One of the Nordic countries has this problem where their housing program.