Real Estate & Home

Government 'addiction' to property tax is crushing builders and housing supply

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Governments' heavy reliance on property taxes is severely impacting the construction industry, leading to a significant decline in housing supply. This tax burden not only threatens the survival of builders but also exacerbates the existing housing crisis by discouraging investment and development. Developers warn that reducing these taxes could be crucial for reviving the sector and addressing the shortage of affordable homes.

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