That only works if the interest rates are higher than inflation.
Real estate is an excellent inflation hedge since as inflation goes up, the value of the real estate and the rent you can get for it both go up in tandem.
Another way to discourage rent seeking is to tax ownership of land more.
Real estate is an excellent inflation hedge since as inflation goes up, the value of the real estate and the rent you can get for it both go up in tandem.
Another way to discourage rent seeking is to tax ownership of land more.