10-04-2022, 08:19 PM
(10-03-2022, 11:05 PM)nms Wrote: 3. If the housing market is hot enough that developers can't wait to build it, a tax on new housing would one way to fund these projects. The alternative is to not tax new builds and put the entire burden on existing housing stock to fund new affordable housing projects.
This is the part I disagree with. The housing construction market is no where near hot enough. If we were building enough homes, there wouldn't be an affordability problem. We ought to put the entire burden on existing property owners, but since they have the most political power, we instead put the burden on those who need to buy homes.