The housing crisis is really a land rent monopoly crisis. The solution can be found in the writings of Adam Smith and David Ricardo: imposition of an annual tax on land equal to its potential annual rental value, while exempting all property improvements from the tax base.
The housing crisis is really a land rent monopoly crisis. The solution can be found in the writings of Adam Smith and David Ricardo: imposition of an annual tax on land equal to its potential annual rental value, while exempting all property improvements from the tax base.