[throwawaybbq1]

I only see one solution to right the wrongs of the past (with respect to the housing bubble). Tax wealth annually. Tax home sales the way the US does it.

As a society, we need to acknowledge how zero interest rates were directly responsible for the housing bubble. The people that caused that should be shamed publicly.

[owyn]

Interest rates and tax policy have massive impacts on behavior and the overall economy. It's kind of nuts that we do live in a system where these rules change all the time based on the whims of a bunch of politicians, half of whom are apparently members of an apocalyptic death cult. Or in this case, kinda racist?

"The bridge from Rinkeby makes it easier for criminals to recruit your children into crime," the party told local voters during last year’s campaign.

Speaking of taxing home sales, before 1997 any profit was considered capital gains. After the "taxpayer relief act" in 1997, the first $250k was exempted ($500k if married). So that was like a big flag saying "go forth and make money flipping houses". Side effect in our timeline is the creation of infinite home flipper content for YouTube. Similar signals with zero interest rates. "Buy a house now, no matter what it costs, for tomorrow it will cost more. Oh, maybe buy some guns too while you're at it, the end times are near".