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I can’t tell you how much I hope they crack down on people owning multiple houses. It’s just criminal. Not only do they own two houses but instead of renting it
by FollowingTheDao 4y ago
I can’t tell you how much I hope they crack down on people owning multiple houses. It’s just criminal. Not only do they own two houses but instead of renting it at market rate they put it on Airbnb an inflated price three or four fold.
The truth is under capitalism everyone cannot be a Capitalist. Please, I need you to think deeply about that last sentence. It’s not as simplistic as it sounds.
Until we treat housing as a cost and not an investment none of this will end.
- chillingeffect 4y agoI look forward to this. Atm there are benefits to owning multiple houses... [alef] [bet] [Alef] https://www.realtor.com/advice/finance/second-home-tax-benefits/ https://www.realtor.com/advice/finance/second-home-tax-benef... [Bet] https://homeguides.sfgate.com/tax-deduction-multiple-homes-mortgages-52338.html https://homeguides.sfgate.com/tax-deduction-multiple-homes-m...
- FollowingTheDao 4y agoWhy do they do this? Why do they just keep pulling on the benefits to people that already have enough?
- nebula8804 4y agoThey own the politicians. Its our fault. Turnout in primaries are very low, people don't even know their representatives. Its hard enough with all the tactics used to suppress candidates/prevent voting but until this changes then policy won't change.
- innagadadavida 4y agoAs per some recent estimates SF commercial vacancy is over 2M sqft - this roughly translates to 2000 full apartments - more if we build dorm-rooms. We have a similar situation in other parts of CA. Is there any reason why we cannot solve homelessness by re-zoning these to temporarily to house them? Post COVID, people returning to office will be fewer. In addition if there is a recession, there will be fewer companies as well.