>>484677>the idea, if you're a landlord and treating it as an investment, is to be able to hold those properties for an extended period of time until the market price grows up.It's not the price "going up", it's the currency being debased by your communist central bank. People hold hard assets to protect themselves from inflation not to make a "profit".
>This artificially increases scarcityCorrect. Although the real solution is to have hard money which cannot be inflated by political entities and then people don't need to hog hard assets like land and houses.
>>484678>Also you can't hide, like… the fact that you own a plot of land.That's not necessarily true there is a whole book about this called Who Owns England. The British aristocracy have been using land to evade taxes and inheritance bullshit for centuries.
>If you own a whole lot of land and holding it vacant costs way more than you'd get by waiting a decade and selling it, then you'll have a market suddenly flooded with cheap houses.Land is not the same thing as houses. We don't have a land shortage we have a housing shortage. Government regulations, unstable currency and high cost of labor all make it very difficult to turn a profit from building houses so nobody bothers building them. And don't forget your open borders, refugees welcome, multikulti virtue signaling bullshit is also artificially increasing demand.