Quote:
Originally Posted by b0son
And when you have limited supply but low barrier to entry, you inevitably end up with demand exceeding supply and price growth.
|
This gets to the heart of the matter. It's great for those in the market but governments all over are suppressing supply through zoning, regulations and tax. NSW and Vic governments through stamp duty are seeing.
It's in their interests because of the taxes collected.
http://www.pitcher.com.au/news/vic-s...property-taxes
Literally a transfer of wealth from private to public hands.