This is just incorrect. Land taxes (which I and most economists support) do not reduce the cost of housing. They just mean that the rent goes to the government instead of to a landlord.
— Peter Tulip (@peter_tulip) January 20, 2023
I think you've provided the answer, Peter: Landlords.
— Bryan Kavanagh (@bryankav123) January 20, 2023
The speculative real eastate market exists so landlords may "provide Australians accommodation".
Thank God for landlords!