You just suggested that the only way to solve housing shortages is to attack the broader upper middle classes with a wealth tax that will push many more of them out of their homes than are currently pushed out by property tax defaults. Funny for you to word it so passively as “this rhetoric will be raised”.
I don't know how I could have implied anything about pushing people out of their houses with taxes. Could you be more explicit about what I said that led you to this?
Building more housing on sites when they change hands, though normal, unforced moves, when a person retires and moves to a new location, or when a person gets a new job and moves for it will provide ample land to build more housing. As long as people are allowed to.
Property taxes forcing people out of homes is a common scare tactic, but it's simple to provide homestead protections that would prevent any forced moves, and also allow the homeowner to capture the fantastic gains in wealth that accompany any land market where there is a shortage of housing. Property taxes only shift the non-resident real estate investor to make sure that they are providing what people need, rather than using idle wealth to keep people out of an area where lots of people want to live.
The vast majority of low-density housing in the US is owner occupied, and the majority of investor owned properties are already multi-unit dwellings. There is already plenty of incentive for self-interested investors to increase housing supply, the it seems implied that you’re in favour of a policy that changes the tax situation for owner-occupied homes.
Wealth tax doesn’t push people out of assets, it makes assets less valuable because of higher discount rate. Making housing cheaper sounds like a good thing.
