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Build more and ban investment properties. No more AirBnB, no more rentals. Prices will come down and those people who previously had to rent, will now be able t

Build more and ban investment properties. No more AirBnB, no more rentals. Prices will come down and those people who previously had to rent, will now be able to own and life will be better for everyone except the poor souls who bought in the last 20 years.

ffggvv 5y ago
im choosing to rent a house.. so now am forced to rent an apartment or buy a house?
jliptzin 5y ago
A lot of people prefer renting though, even if they can afford to buy a home. Many don’t want to be homeowners, or enjoy the flexibility of being able to move at any time without the hassle and expense of selling a home.
MontyCarloHall 5y ago
I wouldn’t go as far as to ban rentals outright (people moving to a new city can’t be expected to buy a property before moving), but I would certainly support steep taxes on non-owner occupied properties, with deductions available for maintenance/upgrades (thus making rental businesses de facto non-profits). I would also add deductions for developers building new rental housing stock to encourage new construction.
imtringued 5y ago
Add a progresssive tax on land. The more land you own, the more you pay. This forces developers to focus on denser housing while the average home owner can be left alone. The tricky part is that home owners will knowingly defend the interests of real estate corporations because they want their own tax bill to be low.
- IkmoIkmo 5y ago
  This is pretty damn hard to do. Any legal entity owning land could split it into multiple entities, who're avoiding the progressive tax. There'll probably be a million loopholes for that. Changing zoning is politically difficult, but a much more simple and effective policy approach if you can get it through.
Johnny555 5y ago
There are lots of valid reasons besides "I can't afford to buy" to rent. I've been a renter for most of my life because I liked the freedom of being able to move to a new area (either locally, or in an entirely new region) with little hassle. I'm a homeowner now, but I was renting even when I could afford a house. In an economic downturn many people get stuck with a house that's underwater and unable to sell while also needing to look outside of the area for a new job. Also, if your income (or family size) changes, its a lot easier to trade up (or down) when you rent than when you own. Instead of mandating that everyone buy a house whether they want to or not, I'd rather see renter protections, particularly in capping rent increases.
- fartcannon 5y ago
  You might think I'm crazy, but it's the generational wealth that I think about most. If you rent, you basically guarantee that your children and their children and so on won't ever be land owners. They'll be serfs and someone else will be their lord. Of course it could all collapse but I sincerely doubt it.

ffggvv 5y ago

im choosing to rent a house.. so now am forced to rent an apartment or buy a house?

jliptzin 5y ago

A lot of people prefer renting though, even if they can afford to buy a home. Many don’t want to be homeowners, or enjoy the flexibility of being able to move at any time without the hassle and expense of selling a home.

MontyCarloHall 5y ago

I wouldn’t go as far as to ban rentals outright (people moving to a new city can’t be expected to buy a property before moving), but I would certainly support steep taxes on non-owner occupied properties, with deductions available for maintenance/upgrades (thus making rental businesses de facto non-profits). I would also add deductions for developers building new rental housing stock to encourage new construction.

imtringued 5y ago

Add a progresssive tax on land. The more land you own, the more you pay. This forces developers to focus on denser housing while the average home owner can be left alone. The tricky part is that home owners will knowingly defend the interests of real estate corporations because they want their own tax bill to be low.

IkmoIkmo 5y ago
This is pretty damn hard to do. Any legal entity owning land could split it into multiple entities, who're avoiding the progressive tax. There'll probably be a million loopholes for that. Changing zoning is politically difficult, but a much more simple and effective policy approach if you can get it through.

Johnny555 5y ago

There are lots of valid reasons besides "I can't afford to buy" to rent. I've been a renter for most of my life because I liked the freedom of being able to move to a new area (either locally, or in an entirely new region) with little hassle. I'm a homeowner now, but I was renting even when I could afford a house. In an economic downturn many people get stuck with a house that's underwater and unable to sell while also needing to look outside of the area for a new job. Also, if your income (or family size) changes, its a lot easier to trade up (or down) when you rent than when you own. Instead of mandating that everyone buy a house whether they want to or not, I'd rather see renter protections, particularly in capping rent increases.

fartcannon 5y ago
You might think I'm crazy, but it's the generational wealth that I think about most. If you rent, you basically guarantee that your children and their children and so on won't ever be land owners. They'll be serfs and someone else will be their lord. Of course it could all collapse but I sincerely doubt it.