Leszek Balcerowicz discusses real estate investment and cadastral tax

In a discussion regarding personal finance and macroeconomics, Leszek Balcerowicz addressed the growing phenomenon of individuals owning large numbers of rental properties while others struggle to afford housing. Balcerowicz rejected the notion that such investors hold a monopoly, arguing that financing real estate is no different from investing in banks or the stock market and that intervention requires proof of market manipulation.

Regarding housing policy, Balcerowicz expressed a view that a cadastral tax—a tax based on the annual valuation of residential property—could be less harmful to the economy than a progressive personal income tax (PIT).