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12:22
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Originally posted by madamswer:
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The effect is merely a re-allocation of the stock of housing (at the margin, to boot) but does not address the fundamental supply-demand imbalance.
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We'll see what happens. For the time being rents are rising but properties are being reallocated from investors to owner occupiers at a lower price than would be the case without the tax, which is a good thing.
