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The graph is just showing the net rental position. Wage growth is irrelevant for that calculation. Bracket creep would be a relevant input to calculating how the $8b translates to the loss of tax revenue.

Shift the billions in transfers from NG investors to increase supply by reducing the costs to developers et al and weaning the states off property and development-related taxes. Investors can only live in one house at a time. If they're currently renting and move into their IP they have...