I think this will me largely ineffective but I’m glad it’s happening. Why? Because it’s acknowledgement that there’sa problem. Housing should he first and fore

I think this will me largely ineffective but I’m glad it’s happening. Why? Because it’s acknowledgement that there’sa problem. Housing should he first and foremost by the locals for the locals. On the owning side, treat any owners as tax residents and tax their full worldwide income. S much as people hate landlords, someone needs to provide rental units. The solution isn’t for everybody to buy. Not everyone wants that. Not everyone is in a position to do that. But you can give landlords the same treatment: treat them as tax residents and tax their worldwide income. If they’re already local this is no different. Property tax should he based on assessed value. There should Mee no caps (eg Prop 13). If you want to aspire seniors not to be forced out of their homes (a common defense that results in Dismey’s property tax bill in California being straight or if the 60s) then you can carve out exemptions and rebates rather than also including the Larry Ellisons of the world. Second and subsequent properties should have much higher property taxes. Having a property without a beneficial owner should be illegal.