Am I reading this - "improve the mechanisms for distributing returns realized from the appreciation of land" - right, or am I just wishfully thinking that China may implement a real estate appreciation tax, to take away the free lunch RE speculators get from the work of other people raising the price of their holdings in their sleep?
Am I reading this - "improve the mechanisms for distributing returns realized from the appreciation of land" - right, or am I just wishfully thinking that China may implement a real estate appreciation tax, to take away the free lunch RE speculators get from the work of other people raising the price of their holdings in their sleep?