And I think a great way to actually fight back against the rising cost is actually to implement a vacancy tax. I think right now There's an immense amount of real estate investors that are buying up land. and what that's actually doing is it's making it much more costly for the citizens in the area that have lived in that area for, some cases, decades and maybe multiple generations, it's making it much more expensive. (21:48–21:52)
CLAIM
Asserts that real estate investors are significantly purchasing land.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.