What an intelligent and thoughtful discussion between two people who understand the destructive excesses of the so-called property 'market'. Can real estate be a real market when hold-outs aren't required to take part? Yes, the SD to land tax is contentious, esp because land tax payments must be 'found', as they aren't smaller automatic and 'accepted' deductions from income, as are taxes on wages and profits.
..... so the Singapore public housing approach is a great alternative to the Australian experience.
...... and those economists still pushing the 'supply' argument need to listen to Dr Murray's demolition of that argument fro, the 48 minute mark.