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This just gave me an idea. We could build houses that are returned to the state when we die. In return there's no property tax, no sales tax, no tax on repairs
by carlmr 5y ago
This just gave me an idea. We could build houses that are returned to the state when we die. In return there's no property tax, no sales tax, no tax on repairs to the house during your lifetime.
That way people could afford a home that is theirs until they (and their spouse) die.
- woah 5y agoHomeownership is already heavily subsidized by tax breaks
- sitkack 5y agoTo banks. Those interest deductions aren't for us.
- ABCLAW 5y agoWe tried this. https://en.wikipedia.org/wiki/Life_estate https://en.wikipedia.org/wiki/Life_estate The move from life estates and fee tails to fee simples was not a mistake. It was a core component of western society moving out of the feudal era. It's VERY difficult to durably invest in lands and estates otherwise. We should be railing against the return of economic instability and lack of access to durable wealth for the middle class, not accelerating our return to permanently unlanded peasantry.
- nivenkos 5y agoI'd like the idea of the government having a monopoly on landlordism - like the Systembolaget, etc. but for renting.
- nly 5y agoYou're just describing public housing. In the UK as long as you pay your rent and aren't breaking any social rules, you basically can't be evicted and can have your "council house" for life. I believe there are even rules that allow for children to take over tenancy