I’ve been thinking about how our government handles real estate policies. It seems like they’re making mistakes that could be fixed in several ways. First, instead of the government fixing market rates, we could use actual transaction data from each area similar to how the stock market adjusts dynamically. Second, the current pricing model forces people to pay both a registration fee and income tax, essentially double taxation, which might be alleviated by reducing the registration fee. Third, corruption among officials and politicians inflates prices as they manipulate property values to hide cash. Linking properties to identity cards could help track these issues. Fourth, a tiered tax system where the first two properties are taxed less and additional properties incur a 1% vacant land tax might encourage necessary purchases while funding city improvements. Finally, standardizing real estate rules, such as setback regulations across rural and urban areas, could drive development in rural regions too. What do you think of these ideas?
Hey, got any data on how these ideas have worked elsewhere? I’m curious about real-world examples. What if we tried small-scale experiments first? Could be a good way to test without risking too much. What do you think about getting public input on these changes?
i reckon govt should rethink real estate.
using actual transaction data & linking properties to id’s could catch corruption.
a tiered tax might help make rich ppl pay their fair share.
problem is, i doubt they’d pull it off.
Interesting ideas, but implementation could be challenging. Market-based pricing might lead to volatility and affordability issues in high-demand areas. Reducing registration fees could decrease government revenue, potentially impacting public services. Property-identity linkage raises privacy concerns. The tiered tax system seems promising, but defining ‘necessary’ purchases is complex. Standardizing rules across rural and urban areas ignores unique local needs. While these proposals have merit, they require careful economic analysis and stakeholder consultation. Perhaps a gradual, data-driven approach to policy changes would be more feasible and less disruptive to the current real estate ecosystem.