this post was submitted on 29 Nov 2024
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Fwiw, rent control is fully insufficient - what you need is a completely massive supply of affordable housing built, owned and operated by the public. Nothing short of this will make a dent
Also prohibit the use of houses for ~~scalping~~ speculation and investment
This is only really a thing in a paradigm of housing scarcity. Can't speculate on houses if houses are not abnormally rising in prices year over year.
The housing scarcity is the root cause, and is most effectively addressed by the aforementioned method
De Beers enters the chat
Non purpose built for rental homes should be limited to one per person. Any more than that should be hit with cumulative tax rates for each home past the first until such time as it is no longer profitable to hoard them.
Not saying people can't own multiple homes. It just shouldn't be so disgustingly profitable. If it's not profitable, prices adjust accordingly.
Agreed 💯
So problem will never be solved then. Far too much vested interest in the status quo from existing landowners.
Nobody is going to build “affordable housing” unless you like living 10 hours commute from major cities. And as soon as someone builds a bullet train to shorten the commute to an hour the prices will skyrocket.
I'd advise you to avoid defeatism. This is a policy that has historically been implemented in various countries, and it can be done again if pushed for enough from the voting population.
Step one is identifying the correct solution, which we've now established. Step two is to spread the word about it.