Comment on Housing prices
Funkt4st1c@lemmy.world 1 day agoRenting out a single family home for longer than 3 months at a time without living in it should be an actual crime, or at least extremely (50-80%) tax heavy (the taxes then going towards house subsidies). Owning an unoccupied home should be taxed even worse. A corporation can count as a single person, so a property management company can own a single house OR as many apartment complexes as they want before tax punishment.
The modern version of Airbnb as a business model (people owning 5+ houses to rent for daily prices often in excess of hotel prices with none of the hotel benefits + “cleaning fees”) should have millionaires hanging from trees.
I foolishly believe the above two policies alone would cut home prices by at least half.
People will dance a thousand dances around the fact that low income housing should be owned and operated by the municipality.
The privately owned house building indispensable has failed and deserves to lose their place at the table. Those responsible for this problem must not be involved in the solution.
Build the mega cities, we already have judge dredds murdering us.
Folstar@lemmus.org 8 hours ago
Agreed. Another, less violent but better for local finances, path forward could be sky high property taxes alongside homestead exemptions. That and greatly simplifying the opaque web of first time homebuyer incentives and options. Passing such a set of reforms would boost tax revenues for a few years, drive up rents while driving down the cost of homes, and then have a tail end boost to home owner industries.