Monday, August 26, 2019

Housing Affordability, Part 14

Here is my latest post at Mercatus: "Because of Housing, All Taxes on Capital Tend to Be Regressive".  Here is the conclusion.  Go to the link for the details.

 (T)he income tax code, as it exists, has regressive effects regarding housing affordability.Given those effects, it is inaccurate to treat capital taxation in general as a progressive tax. Corporate taxation, in general, creates a regressive rent subsidy. A different tax regime that focused on property taxation rather than generalized capital taxation could plausibly produce public revenue in a way that would be more progressive than a tax code that taxes capital income more generally. This should cast doubt on common presumptions about how and why to change the tax code.

98 comments:

  1. Very interesting. Property taxes are probably the way to go. I do not see much traction on this score.

    ReplyDelete
  2. I fully support more property taxes over other taxes.
    I flatly don't believe that more supply, and hence more homes built, means the rents increase. With rents decreasing where there is less construction.

    Where supply is elastic (meaning there are few obstacles to new supply), renters effectively pay the property tax and rents increase. Where supply is inelastic (meaning there are many obstacles to new supply), owners effectively pay the property tax and home prices decrease.

    ReplyDelete
    Replies
    1. I think I didn't write clearly. Where supply is inelastic, rents and supply are relatively unaffected by raising property taxes. Where supply is elastic, rents reflect marginal costs, so the tax falls on the consumer as it would in other markets.

      Delete
  3. I have bookmarked your website because this site contains valuable information in it. I am really happy with articles quality and presentation. Thanks a lot for keeping great stuff. I am very much thankful for this site.raleigh roofing

    ReplyDelete
  4. Your information is so useful, the tax issue has always bothered me, now I know what I need to do dowel jig reviews, thank you for sharing.

    ReplyDelete

  5. I accustomed to run a company that needed me to create several cash transfers each week. Due in order to umpteen foreign currency fluctuations on the market, I needed to locate a viable platform that may afford me using the best settings of cash transfer assessment.Penrose showflat

    ReplyDelete
  6. I really loved reading your blog. It was very well authored and easy to undertand. Unlike additional blogs I have read which are really not tht good. I also found your posts very interesting.best florida online real estate school

    ReplyDelete
  7. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info.scary

    ReplyDelete
  8. Investing online sounds so interesting! I would like to know some more details about investing in real estate online. It’s just hard to trust agents because sometimes they all seem to say the same things, it’s hard for us to know who’s telling you genuine information. read at simplecapacity

    ReplyDelete
  9. Pretty! This has been a really wonderful post. Many thanks for providing this information. pedregal cabo for sale

    ReplyDelete
  10. We offer a comfortable and trouble-free holiday experience in our motor yacht charter and luxury gulet charter services. We have a portfolio that meets all luxury demands such as jacuzzi, speedy, air-conditioned in all our motor yachts. For more visit gulet charter turkey

    ReplyDelete
  11. Allentown, Pennsylvania Real Estate Solutions For Sellers, Investment Property Buyers, And Investors. We buy, fix, and sell Pennsylvania real estate to improve our communities and help local investors participate in the real estate market right alongside us.sell house with tenant

    ReplyDelete
  12. They define your floor plan, divvying up the footprint of your space into multiple rooms. Walls support Apartment For Rent In Hcmc artwork, bookshelves coat hooks, mirrors, and lighting.

    ReplyDelete
  13. I was pretty pleased to find this page. I wanted to thank you Rapper Homes for ones time for this wonderful read!! I definitely liked every bit of it...

    ReplyDelete
  14. I know these things but for some reason it’s tempting on certain days to second guess and think these boys just aren’t giving it their all. But they are, I know they are.sugar daddy

    ReplyDelete
  15. We Buy Houses in Savannah Foreclosure Help Savannah, GA on your terms. We offer an alternative solution to listing your home with a real estate agent. If you need to sell your house fast in the Savannah area, we are serious about buying your Stop foreclosure Savannah, GA house!

    ReplyDelete
  16. Here at We buy houses Savannah, GA, our goal is to educate homeowners about all of their selling options. If you need to sell your house in Savannah or the surrounding areas, we will help you Sell my house fast Savannah, GA learn about your options.

    ReplyDelete
  17. We Buy Houses in New Jersey on your terms. We offer an alternative solution to listing Stop foreclosure Savannah, GA your home with a real estate agent. If you need to sell your house fast in the New Jersey area, we are serious about buying your house.

    ReplyDelete
  18. One of the basic questions you have to answer when you get a real estate investing website is "How do I get my website configured to get the best results?" Real estate investing has many business models - buying houses, buying notes, short sales, fixing and flipping, wholesaling. The list goes on and on. Or your business can be a combination of different business models.sugar daddy

    ReplyDelete
  19. I want you to thank for your time of this wonderful read!!! I definately enjoy every little bit of it and I have you bookmarked to check out new stuff of your blog a must read blog!doors

    ReplyDelete
  20. Do you need a house painter at a low cost? At this moment you should visit House Painters Covington. Because they are providing the best painter near you at an affordable price.

    ReplyDelete
  21. This can be business opportunities for those who want to grab the chance to do real estate. Make sure you have enough knowledge to invest.

    ReplyDelete
  22. Thank you for this particular post. That can be amazing information. It's astonishing and brilliant to go to your site. You have a number of quality data that any reader would love.Understanding the role of property managers

    ReplyDelete
  23. I was pretty pleased to find this page. I wanted to thank you celebrity homes for ones time for this wonderful read!! I definitely liked every bit of it...we buy houses for cash

    ReplyDelete
  24. Thank you so much for sharing such an intresting blog with us. Visit OGEN Infosystem for creative website designing, Mobile App Development, SEO, Digital Marketing, & PPC Services at an affordable price.
    PPC Company in Delhi

    ReplyDelete
  25. Attractive part of content. I just stumbled upon your web site and in accession capital to say that I get in fact enjoyed account your blog posts. Any way I will be subscribing for your feeds or even I achievement you get entry to constantly fast. Bodrum Luxury Villas

    ReplyDelete
  26. Listproperty is a platform for organisations and private property owners in Nigeria to advertise their properties. Flats

    ReplyDelete
  27. Financial advisors are a great option, though one should probably accumulate a bit of assets before finding one to make it worth while. At the beginning, focusing on living below your means is still much more effective then trying to increase your investment gains.Beton Ready mix

    ReplyDelete
  28. I am impressed. I don't think Ive met anyone who knows as much about this subject as you do. You are truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog you have got here. Click here

    ReplyDelete
  29. Great post yet I was thinking about whether you could compose a litte more on this subject? I”d be exceptionally grateful in the event that you could expound a tad bit further.Perusahaan Beton Ready Mix Indonesia

    ReplyDelete
  30. Really informative update on your website about the property which police seize and investigate the woman behind. The department must take serious action against such corruption cases. I would like to look forward to more best writing services online updates related to this case.drains service

    ReplyDelete
  31. Hello, Your house is perfect and beautiful and dashing. I really want to buy such a beautiful house. Thank for the great information that you mention in the article.pool rescreening

    ReplyDelete
  32. An old home may not fulfil your expectations. You may want the layout a certain way and specific sized rooms. Therefore, you might want to consider looking at new developments or building your own home from scratch. Complete roofing solutions

    ReplyDelete
  33. Hi,
    Purchasing a home is a big deal. You want to get it right. After all, you will likely spend many years there. A house should feel like a home and it should fulfil your needs and purpose. Thus, deciding what type of home to purchase is the big question. There are many new and old homes on the market, which means there is an abundance of choice. I think this is difficult task but we need to take this decision at last. Complete roofing solutions

    ReplyDelete
  34. This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here keep up the good work.https://completeroofingsolutions.co.nz

    ReplyDelete
  35. I admire this article for the well-researched content & excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill.plot for sale in Mangla Garrison Housing

    ReplyDelete
  36. An old home may not fulfil your expectations. You may want the layout a certain way and specific sized rooms. Therefore, you might want to consider looking at new developments or building your own home from scratch.home renovations

    ReplyDelete
  37. Not very severa people would truely, the way you truly did. I am surely stimulated that there's this type of exquisite quantity of data approximately this issue were revealed and you've put forth a valiant attempt, with a lot magnificence. On the off hazard that needed to know greater approximately inexperienced smoke surveys, than with the aid of all strategies are available and take a look at our stuff.adhimix beton

    ReplyDelete
  38. Thanks for sharing this quality information with us. I really enjoyed reading. Will surely going to share this URL with my friends. paint by numbers custom

    ReplyDelete
  39. Great post yet I was thinking about whether you could compose a litte more on this subject? I”d be exceptionally grateful in the event that you could expound a tad bit further.microtopping

    ReplyDelete
  40. Great post, I appreciate you and I would like to read your next post.You can have a go at absorbing a daily paper vinegar and water. Utilize the daily paper to tenderly scour the window. The way that you mention in the article to clean the windows with karcher is useful I must try it.grow room heater

    ReplyDelete
  41. I was very interested in the article, it's quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job. home improvement

    ReplyDelete
  42. Budget is the biggest issue while renovating the home because most of the time your cost goes beyond your prescribed budget and considerably at times. So, you very rightly mentioned that due diligence is of utmost importance before going in for renovation.Wallpaper

    ReplyDelete
  43. Not very severa people would truely, the way you truly did. I am surely stimulated that there's this type of exquisite quantity of data approximately this issue were revealed and you've put forth a valiant attempt, with a lot magnificence. sell my house fast raleigh

    ReplyDelete
  44. It's simple, yet effective. A lot of times it's challenging to get that "perfect balance" between user friendliness and appearance.we buy houses raleigh nc

    ReplyDelete
  45. As someone who is disabled and an insomniac, I spend a lot of time on You Tube, searching for rare tv shows, ads and continuity, even before Lockdown was a thing.

    ReplyDelete
  46. Thank you for some other informative blog. Where else could I get that type of information written in such an ideal means? I have a mission that I’m just now working on, and I have been at the look out for such information

    ReplyDelete
  47. Budget is the biggest issue while renovating the home because most of the time your cost goes beyond your prescribed budget and considerably at times.Motel Broker in kansas

    ReplyDelete
  48. I know these things but for some reason it’s tempting on certain days to second guess and think these boys just aren’t giving it their all. But they are, I know they are. Every parent should read this before their first child is born, and then again and again and again.

    ReplyDelete
  49. At My Home Improvement, the business partners get a golden opportunity where they can expand their business all across Australia. It is a local reference site where you can attract clients.

    ReplyDelete
  50. Thank you so much for your support! We wish you the best of luck with your dream home, and we will be sure to keep you updated on our own progress.

    ReplyDelete
  51. All the things are so great. I’d love to share some of my photos from last year’s Festival. My pictures can’t even begin to capture the amount of gorgeous we were surrounded. I want to see more festival like this.

    ReplyDelete
  52. After that it is basic to get pre-endorsed for a home loan from a home loan intermediary or bank, with a confirmation to subsidize your home loan recorded as a hard copy. Numerous individuals much of the time stay away from this progression and decide to pay special mind to land before getting a home loan pre-endorsed.sell house in the netherlands

    ReplyDelete
  53. I'm so delighted to locate the very same subject I have actually been seeking. Everybody is providing me a great deal of praises today. You're outstanding. As an author, you're so great since you're such an excellent author.surveyors sydney

    ReplyDelete
  54. I have read your blog. I really like it very much and very impressed with your written style. I want more similar topics about this post to increase our knowledge. Apartments in Thrissur

    ReplyDelete
  55. This unique in fact perhaps even a very good arrange that i believe it or not in fact really enjoyed looking into. It is not necessarily consequently routine that i range from the substitute for verify a precise detail.Northern Utah Homes For Sal

    ReplyDelete


  56. Hello, I like your tip about looking at the value of the neighborhood before buying. That makes sense considering you want to estimate what the value of your potential home would be. I’ll have to consider your tips so that we can get a house in a safe neighborhood.Homes For Sale Mesquite Nevada

    ReplyDelete
  57. what a fabulous year for you & marv!!! seems like you’ve been everywhere in the world and online! =) you’re amazing~ how do you have the energy/time to blog/twitter/fb so much?! i can barely even keep up one little blog without any fbing or twittering. there are so many new posts on your blog i can’t even find the skype one~ lol!Alexandria apartments

    ReplyDelete
  58. Ha! I actually thought the photo on the bottom (the only one there yesterday) was something you found on the internet. Those are funny!dha karachi

    ReplyDelete
  59. All the things are so great. I’d love to share some of my photos from last year’s Festival. My pictures can’t even begin to capture the amount of gorgeous we were surrounded. I want to see more festival like this Sell My House Fast

    ReplyDelete
  60. Very nice tips which anyone can apply when selling their property. A word of mouth through friends and family is also fantastic since you can get a buyer just there.Harga beton ready mix Jakarta

    ReplyDelete

  61. In real estate there is also the creative investor who using techniques like lease options, owner financing, short sales and wholesaling to make money from real estate with very little cash and no credit. Of course these types of strategies are based on your ability to find motivated sellers.commercial real estate

    ReplyDelete
  62. Hello, great material for screenwriters on here! I really love your 8 points theory. I have googled and tried to find where to find the movie script that I know well and that parrells the film I'm trying to write with no luck.IndusInd Home loan

    ReplyDelete
  63. The festival is so beautiful. All the things are so great. I’d love to share some of my photos from last year’s Festival.Luxury Real Estate Agent Boynton Beach

    ReplyDelete
  64. I admire this article for the well-researched content & excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. homes for sale in indiana

    ReplyDelete
  65. Renovation allows for the reconfiguration of spaces to better suit your needs and lifestyle. Whether it's knocking down walls to create an open floor plan or adding partitions to carve out separate areas, optimizing the layout enhances functionality. Through renovation, you can craft spaces that promote productivity, comfort, and efficient use of every square inch.selling a house uk

    ReplyDelete
  66. Don't overlook the potential of your outdoor spaces when it comes to home renovations. By extending your design efforts to patios, gardens, or balconies, you can create seamless transitions between indoor and outdoor living, allowing you to fully embrace the beauty of nature while adding value to your property. roof leak repair

    ReplyDelete
  67. Should the average homeowner know anything about home building and construction? Ideally, the answer to this question should be no because it is expected that the contractor be the one to take care of everything for the homeowner. Measure Environmental Footprint

    ReplyDelete
  68. One of the most common types of home improvement projects is remodeling. This involves making significant changes to existing structures or rooms to improve their appearance, functionality, or both. Remodeling projects can include renovating kitchens, bathrooms, bedrooms, or even entire homes. They often require careful planning, design considerations, and skilled labor to ensure successful execution.การ์ดแต่งงาน

    ReplyDelete
  69. You want to get it right. After all, you will likely spend many years there. A house should feel like a home and it should fulfil your needs and purpose. Thus, deciding what type of home to purchase is the big question. There are many new and old homes on the market, which means there is an abundance of choice. NRC Pressure Washing

    ReplyDelete
  70. Claiming a home likewise qualifies you for tax cuts that help you in managing your new monetary obligations like protection, land charges, and upkeep-which can be generous. In any case, given the opportunity, dependability, and security of possessing your own home, they are great. sell my house fast denver

    ReplyDelete
  71. I never would have thought that when I first started working on my first firm project, among other things, I would have to consider revenues so severely. suburb reviews

    ReplyDelete
  72. "Pinewood Village" truly encapsulates the essence of tranquility and natural beauty. Nestled amongst the serene embrace of towering pines, this charming village offers a perfect retreat from the hustle and bustle of city life. Pinewood Village

    ReplyDelete
  73. Housing markets are intricately tied to demographics, lifestyles, and economic conditions. Factors such as interest rates, population growth, and urbanization profoundly influence demand and supply dynamics. The sector ranges from single-family homes to condominiums, offering a myriad of options for homeownership and rental living.Sky Botania Condo

    ReplyDelete
  74. Real estate is a dynamic and multifaceted industry that encompasses the buying, selling, and management of properties ranging from residential homes to commercial buildings and vacant land. It plays a pivotal role in economies worldwide, serving as both an investment avenue and a fundamental necessity for shelter and business operations.buy real estate in ND and MN

    ReplyDelete
  75. Real estate is a multifaceted industry that encompasses a wide range of properties, from residential homes to commercial office spaces and industrial facilities. It plays a pivotal role in the global economy, contributing significantly to both the Gross Domestic Product (GDP) and employment rates of many countries. The real estate market is highly dynamic, influenced by various factors such as economic trends, demographic shifts, and government policies.atlanta property search

    ReplyDelete
  76. Cupcake delivery in Alpharetta, GA is a sweet treat for those with a craving for delicious desserts. Whether you're celebrating a special occasion or just indulging in a well-deserved treat, having cupcakes delivered to your doorstep is a convenient and delightful experience. cupcake delivery alpharetta ga

    ReplyDelete
  77. Whether you've encountered a malfunction, want to upgrade your exhaust, or simply need a replacement due to wear and tear, addressing the exhaust system is a wise decision. smart car exhaust replacement

    ReplyDelete
  78. Searching for an "African grocery store near me" is a wonderful way to explore the diverse and delicious flavors of African cuisine. Whether you're an African food enthusiast or simply looking to try something new, this keyword reflects a growing interest in global gastronomy.african grocery store Near Me

    ReplyDelete
  79. Peachtree Industrial Blvd Restaurants" is a popular search term that reflects the vibrant dining scene in the Peachtree Corners area. This boulevard is home to a diverse range of restaurants, offering a variety of cuisines to cater to different tastes and preferences. peachtree industrial blvd restaurants

    ReplyDelete
  80. "Acai bowl delivery" is a fantastic service that brings the delicious and nutritious world of acai bowls right to your doorstep. acai bowl delivery

    ReplyDelete
  81. Exploring the diverse and delicious world of African cuisine is a true culinary adventure. From the aromatic flavors of North African dishes like tagine and couscous, to the fiery spices of West African jollof rice and suya, and the hearty stews and injera of East Africa, there's something to tantalize every taste bud in an African cuisine restaurant. african cuisine restaurant

    ReplyDelete
  82. "Peachtree Restaurant and Lounge" is a delightful culinary destination that seamlessly blends a warm and inviting atmosphere with an array of delectable dishes and beverages. peachtree restaurant and lounge


    ReplyDelete
  83. Finding the best junk car buyer can make a world of difference when it comes to turning your old, unused vehicle into cash. The 'best' in 'best junk car buyer' isn't just about getting a fair price for your vehicle, but also about the convenience, professionalism, and reliability of the service. best junk car buyer

    ReplyDelete
  84. In an increasingly interconnected world, these services foster international collaboration, helping businesses overcome geographic boundaries to deliver products to customers around the globe.

    medical transportation van services

    ReplyDelete
  85. Sustainability and environmental considerations have become increasingly important in the real estate industry. Green building practices and energy-efficient designs are becoming standard in new construction, reflecting a broader societal concern for environmental conservation. Furthermore, smart technology integration is transforming real estate, with features like smart home automation, energy management, and security systems enhancing the appeal and functionality of properties.
    real estate investment

    ReplyDelete
  86. You are so right. There many avenues to take to create wealth through real estate. Best of all, you can start small and scale up until you have built significant wealth. It's not easy and certainly not without risk. Thanks for the article. Lumina Grand EC

    ReplyDelete
  87. Real estate, a multifaceted and dynamic industry, plays a pivotal role in shaping the landscape of urban and rural environments alike. It encompasses a broad spectrum of properties, ranging from residential homes to commercial spaces, and includes the intricate web of transactions and legalities that govern these assets. The sector serves as a barometer for economic health, reflecting the pulse of a nation's financial well-being. In times of prosperity, real estate experiences robust growth, with a surge in construction and property values. Conversely, during economic downturns, the industry can face challenges, marked by declining property values and a slowdown in construction activities.Home seller’s guide

    ReplyDelete
  88. Like any big project, a successful homebuying experience is all about getting the details right from start to finish.Jansen House

    ReplyDelete
  89. George Melissa for helping me recover all l had lost before to the wrong hands on Binary Options trading, I referred her to all my friends and family and they’ve not regretted it, now I am referring to her. Jervois Treasures

    ReplyDelete
  90. Investing in real estate, whether through individual homeownership or large-scale commercial ventures, entails a blend of financial acumen, market foresight, and risk management. The value of a property is not solely determined by its physical attributes but is an intricate dance between market sentiment and economic indicators. The real estate market, being susceptible to fluctuations, reflects the broader economic landscape, acting as both a barometer and an engine for economic growth. The ripple effects of a thriving real estate market resonate across various sectors, fostering job creation, infrastructure development, and community enhancement.Cash offer for homes in Indianapolis

    ReplyDelete
  91. Koon Seng House Luxurious Living - New Exclusive Residential with 17 Units, Spectacular landed Views, Developed By Macly Group. Visit the Showflat Today!Koon Seng House Showflat

    ReplyDelete
  92. Claiming a home likewise qualifies you for tax cuts that help you in managing your new monetary obligations like protection, land charges, and upkeep-which can be generous. In any case, given the opportunity, dependability, and security of possessing your own home, they are great. Valencia property

    ReplyDelete
  93. One thing about building a custom home is when choosing the new roof, in many communities there are building codes that may restrict your roofing material choice. Your architect will be able to tell you what you can do in these communities.Warehouse For Sale

    ReplyDelete
  94. It is necessary to be extremely cautious and diligent. Purchasing property funded by a well-known bank is almost always safer, as the bank verifies the title and other aspects of the property on its own. Of course, the first step is to locate a registered broker with suitable properties and hire a buyer's agent. moodulmaja hind

    ReplyDelete
  95. This comment has been removed by the author.

    ReplyDelete
  96. This comment has been removed by the author.

    ReplyDelete
  97. That makes sense considering you want to estimate what the value of your potential home would be. I’ll have to consider your tips so that we can get a house in a safe neighborhood. sell your property

    ReplyDelete