My suggestion would be CG exempt only up to cumulative GDP deflector (excluding implied rents) to sync between capital gains and actual economic improvement over years. You can do reno to a leasehold property, but would you get capital gains for free? Likely not, and not as excessive as freeholds. Why would we justify excessive…Read more How to fix capital gains tax
When looking at housing in Japan, you may wonder what economics actually taught you anything. Pricing models are all ex-post. Demand -> high prices? Not really. Quick supply -> lower prices? Not really. Land scarcity -> appreciation? Not really. A possible reason behind housing prices, here and elsewhere, may all come down to cultural/behavioral traits…Read more Can a slow crash happen?