3 ms·

How do you think this should be done?

• bredren 4y ago
  Strong financial incentives to not possess unoccupied homes. i.e. second homes are heavily taxed, out of state second homes are even more heavily taxed. Homes under management for long term housing or resale kept in unoccupied states longer than reasonably expected incur penalties. Homes kept unoccupied due to being priced out of reasonable band may do so for limited duration--every loophole has to be addressed with financial incentives. This includes reducing the business potential of domestic and foreign private equity groups picking up homes at depressed rates like what blackstone did. Residential property rental and transactions related to residential property must be way less lucrative.
  • tedunangst 4y ago
    So if my wife moves to Boston to advance her career, we get taxed like crazy? By who? But if we get divorced, it's all good? Or will it be fraud for us to keep dating after the divorce?
  • junofan 4y ago
    > Residential property rental and transactions related to residential property must be way less lucrative. The problem is growing; why take a demand-side approach? Especially one so prone to making lawyers and government officials rich? You’re just trading like-for-like as demand grows over time. FWIW, I’m in favor of nationalizing zoning laws as Japan has done to fix supply.
  • jsnk 4y ago
    So this will discourage demand for housing, which will lead to discouraging the developers to build new properties. So you will cause rise in housing prices, rent and cause housing shortage eventually. Also, this doesn't seem to answer my question. How should expropriation be done exactly?