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by Gunax
1438 days ago
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So without getting into whether we actually want that, how is that achievable? In a sense, every house is unique, and land is certainly unique by it's location and also finite. There really are some number of acres within a particular distance of a city centre. I guess my gut reaction is that your comment might be right (I am not sure) but strikes me as idealistic. |
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There’s a couple of things that can help here:
1. Right to build. No local government should be able to say no to you building a small multi family home or single family home on their land.
2. A graduated (by year) increase on renting income for homes. Places that had been rental residences for a few years prior to this also should be forced to stay residential for a while.
3. Empty home wealth tax. If a house has been empty for more than six months a year, it should be taxed a percentage of its fair market value based on vacancy months.
4. Mortgages returns on investment should be limited to a certain margin over inflation. Or just match inflation. More than that should be taxed.
Are these good ideas? Maybe, idk. I’m not the person that’s gonna come up with the model of how to accomplish this. But it’s potentially a starting point.