How is my idea of solving housing problem?

Quote from forsalenyc:

you don't understand how much revenue the govt generates from property taxes, especially from the riches. govt is probably better off offering 8k first time home buyer credit for the next decade.
If it's true I think we should prepare much money to buy as many inventory as we can in the next decade
 
No property taxes for five years would not get me interested. Give me no capital gains taxes for 20 years, and I'll buy some houses.
 
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