3 ms·
while mega-landords are a real problem, nationalizing their housing stock is a relatively poor solution. it has a lot of sociopolitical and economic repercussio
by clairity 6y ago
while mega-landords are a real problem, nationalizing their housing stock is a relatively poor solution. it has a lot of sociopolitical and economic repercussions that are unlikely to be net-positive in the long run.
i'll repeat a simpler solution i posted about elsewhere [0], which is to escalate property tax rates based on number of units and/or square footage, which would be a type of pigovian tax similar to a land value tax (which could in fact augment the escalating tax idea). a happy medium in my mind would be to allow a landlord to own a few (occupied) units without much escalation, but once ownership gets much beyond ~100 units, it escalates fairly quickly, so that only the most lucrative buildings (likely tall, perhaps mixed-use, buildings in highly desirable areas) are worth owning outright.
[0]: https://news.ycombinator.com/item?id=26595513 https://news.ycombinator.com/item?id=26595513