We could do what they do in Japan and deprecate housing as it ages. Very few peo...

seanmcdirmid on March 25, 2022 | parent | context | favorite | on: Applebee’s exec urges using high gas prices to pus...

We could do what they do in Japan and deprecate housing as it ages. Very few people buy second hand properties, so a house is a liability that needs to be demolished vs land without one. It also helps if no one believes in property speculation because of a huge property bubble that burst in the 80s.

llamaimperative on March 25, 2022 [–]

You could institute a high LVT and get all the same mechanics without any of the enforcement overhead.