If you sell a house these days, the buyer might be a pension fund
If only so many people didn&#x27;t treat land and houses like investments, there wouldn&#x27;t be such a disastrous hoarding problem. Henry George&#x27;s Land Value Tax [1][2] seems like an obvious economic fix that would require a large fraction of the population to change how they think about land and natural resources, but most of them are invested in such a way (i.e. owning multiple houses on multiple parcels of land, often without renting anything out) that it is in their economic self-interest to block any such proposals. Although, I suppose this situation isn&#x27;t unique. The world has long been doomed by coordination problems.<p>[1] <a href="https:&#x2F;&#x2F;astralcodexten.substack.com&#x2F;p&#x2F;your-book-review-progress-and-poverty" rel="nofollow">https:&#x2F;&#x2F;astralcodexten.substack.com&#x2F;p&#x2F;your-book-review-progr...</a><p>[2] <a href="https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Land_value_tax" rel="nofollow">https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Land_value_tax</a>