2 ms·

Then why don't they make laws that you have to live on a property to own it?

• logfromblammo 11y ago
  It would likely be more popular to institute a land-ownership tax that includes leased properties and exempts up to 80 acres, plus 10 additional acres for each additional person if the size of your household exceeds 8, but only for land in the same county/parish as your official domicile, or within a 50 mile radius of it. In theory, that would allow rents extracted from the local economy by (presumably non-voting) absentee landlords to be recovered. A straight ban on absentee ownership would simply lead to workaround legal arrangements, such as strawman purchasers who can then turn around and sign a 99-year "peppercorn" lease to the true buyers. You would be playing whack-a-mole with evasion tactics and corporate shell games. If you just introduce an economic penalty, people would only evade/avoid to the extent that it produces a profitable bottom line. Rich people and foreigners could still buy up all the available local property, but they would at least have to pay to keep it unavailable to the local market.