Destroying homes

I just read a blog post about the tax and small businesses. A lot of it made sense, especially when talking about how politicians never talk about making it easier for businesses to start up and run their books.

However buried in the article (point 4) was also a point about how to lift the economy by bulldozing houses. In the USA I understand that a lot of home have been repossessed and are now owned by the government. These houses are creating a situation of over-supply and are keeping house prices low.

The authors solution to the problem is that the government destroy them for the good of the economy...

I am not sure what to make of that, I can see his point but it feels wrong to destroy an asset...

Thoughts on Our Federal Government, Taxes and Small Business and More « blog maveri

Comments

Bob H said…
I don't believe that low house prices are a bad thing, houses shouldn't really be a commodity.

Trying to drive an economic growth through house prices is exactly what got everyone into trouble in the first place.

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