Bad policy if you want to build 1 million new homes, unless the federal government will pay for these 1 million new homes. If investors can't sell their homes for max profit, they will look somewhere else.
New Zealand did the same thing and nothing changed. Prices still went up as fast as before the ban.
Good policy to score points and get elected.
Bad policy if you want to build 1 million new homes, unless the federal government will pay for these 1 million new homes. If investors can't sell their homes for max profit, they will look somewhere else.
New Zealand did the same thing and nothing changed. Prices still went up as fast as before the ban.