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Maybe start with these as possible options: Second house/vacation house (not rented): Multiply property tax by 10. Rentals (including airbnb): If mortgaged: M
by coding123 5y ago
Maybe start with these as possible options:
Second house/vacation house (not rented): Multiply property tax by 10.
Rentals (including airbnb): If mortgaged: Max the rental (monthly and daily) to 1.1x Mortgage amount + yearly property tax amount / 12. Unmortgaged: Property tax amount * 2 max per monthly income.
Change the maximum amount you can sell a house to be equal to cost of materials plus 30 days of labor for 5 people.
Owner builder homes can get a 60K automatic grant - everything must be verified - and limit land HOA rules that specify a minimum sized house.
Make "Limited Density Owner-Built Rural Dwellings" possible in areas that are not affected by fire.
Finally to make all this feasible - make junk properties illegal (noise limits + junkyard style land usage)
It would solve a lot of NIMBY issues and please the YIMBYs. I have a billion other crazy ideas like this.
- eniotna 5y ago> Change the maximum amount you can sell a house to be equal to cost of materials plus 30 days of labor for 5 people. That's a terrible idea, who will construct anything if there is no money to be made? You don't fix those kinds of problems by price fixing, let the free market take care of the supply/demand issue. Unfortunately, the bay area is far from a free market when it comes to housing.
- coding123 5y agoThey're just ideas - maybe apply a federal grant to the builder of 60k for each house they make. :shrug: The problem with market rate is for homes is that it turns one person's ability to be homed into another person's extraneous income flip.
- deleted 5y ago[deleted]