this post was submitted on 04 Sep 2023
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[โ€“] KarmaTrainCaboose@lemmy.world 1 points 1 year ago (1 children)

Buying land for the purpose of building property is bad? I think any policy that discourages development of additional housing is probably not going to be great for house prices. Or if you're handing out houses in a lottery system, it won't be great for housing supply at least.

[โ€“] Hexadecimalkink@lemmy.ml -3 points 1 year ago

I'll give you an example; my country has food insecurity, rich people take arable farmland and build suburbs on that land instead of infilling the city downtown which has single detached homes less than a kilometre from the centre of the city. Do you think that this is a good thing they're buying this farmland for suburbs, or a bad thing?