3 ms·

One pretty simple solution seems to be enacting common-sense laws prohibiting turning zoned housing into rental properties - I’m not sure if the state govt. wou

by raunak 5y ago

One pretty simple solution seems to be enacting common-sense laws prohibiting turning zoned housing into rental properties - I’m not sure if the state govt. would ever do it though. My other proposal would be to enact laws against buying a home and not living in it, but again, not sure how legal/morally right to prohibit property ownership just like _that_

Ccecil 5y ago
Idaho did the opposite in 2017...they created laws preventing any town from blocking vacation rentals in any way. Also, they have non disclosure laws which make the state very nice for real estate investors. I wonder how many people moving here know that the lake was supposed to be a superfund site...or that their nice little cottage was a meth lab just a decade ago.
- notional 5y ago
  oof does not sound like a place to have a new born https://www.nap.edu/read/11359/chapter/2#6 https://www.nap.edu/read/11359/chapter/2#6
  - Ccecil 5y ago
    https://en.wikipedia.org/wiki/Silver_Valley_(Idaho) https://en.wikipedia.org/wiki/Silver_Valley_(Idaho) And that is why. Heavy metal contamination...and not to mention the arsenic. 100 years of mining silver did a number on the downstream (Lake Coeur d'Alene).
alex_g 5y ago
What about a higher property tax if you are not living on the property for more than x days a year?
- Ccecil 5y ago
  This is the only solution I think might work. Tax vacation rentals and empty properties at a higher rate...while allowing tax discounts for keeping rent low. Unfortunately, I think the crash will come first
- Red_Leaves_Flyy 5y ago
  Enforcement is the hardest issue with these proposals. I agree that when ignoring the problems of enforcement this is an ideal solution.
  - jon_richards 5y ago
    Genuine question: Why is enforcement so difficult? Let everyone declare their primary residence and give property tax credits based on the number of occupants (with pass-throughs for rental properties, etc). Everyone has an incentive to declare a primary residence and it shouldn’t be too difficult to find people declaring multiple. You could cap the number of occupancy credits per sqft to keep things reasonable. It would also help with things like state taxes based on primary residence.
- RhysU 5y ago
  What about a higher property tax if you use a bedroom as a home office? /s

by raunak 5y ago

Ccecil 5y ago

Idaho did the opposite in 2017...they created laws preventing any town from blocking vacation rentals in any way. Also, they have non disclosure laws which make the state very nice for real estate investors. I wonder how many people moving here know that the lake was supposed to be a superfund site...or that their nice little cottage was a meth lab just a decade ago.

notional 5y ago
oof does not sound like a place to have a new born https://www.nap.edu/read/11359/chapter/2#6 https://www.nap.edu/read/11359/chapter/2#6
- Ccecil 5y ago
  https://en.wikipedia.org/wiki/Silver_Valley_(Idaho) https://en.wikipedia.org/wiki/Silver_Valley_(Idaho) And that is why. Heavy metal contamination...and not to mention the arsenic. 100 years of mining silver did a number on the downstream (Lake Coeur d'Alene).

alex_g 5y ago

What about a higher property tax if you are not living on the property for more than x days a year?

Ccecil 5y ago
This is the only solution I think might work. Tax vacation rentals and empty properties at a higher rate...while allowing tax discounts for keeping rent low. Unfortunately, I think the crash will come first
Red_Leaves_Flyy 5y ago
Enforcement is the hardest issue with these proposals. I agree that when ignoring the problems of enforcement this is an ideal solution.
- jon_richards 5y ago
  Genuine question: Why is enforcement so difficult? Let everyone declare their primary residence and give property tax credits based on the number of occupants (with pass-throughs for rental properties, etc). Everyone has an incentive to declare a primary residence and it shouldn’t be too difficult to find people declaring multiple. You could cap the number of occupancy credits per sqft to keep things reasonable. It would also help with things like state taxes based on primary residence.
RhysU 5y ago
What about a higher property tax if you use a bedroom as a home office? /s