Part 6/7:
Altman critiques policies like the "mansion tax," noting that such measures could further suppress property transactions and destabilize the market. He warns that these policies could inadvertently backfire, making housing less affordable in the long term and harming tenants by reducing the overall quality and quantity of housing options.
He underscores the importance of considering market incentives and long-term sustainability rather than quick fixes. Effective policies should encourage investment, reduce unnecessary regulatory burdens, and foster an environment where new construction can thrive.