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Unless this was paired with some serious house building incentives, I think this will enable the 20th-40th percentile by wealth to buy houses, at the cost of pr
by Macha 4y ago
Unless this was paired with some serious house building incentives, I think this will enable the 20th-40th percentile by wealth to buy houses, at the cost of preventing the 0th-20th percentile from ever moving out of their parent's house.
So you'd have the bottom 20th percentile unhappy because of the limits to their living situation, and the 80th percentile upwards unhappy because of the reduction in their rental income. I can't see it being politically viable.
- e_i_pi_2 4y agoDefinitely agreed it's not politically viable haha, just seems like a good solution to the issue of housing affordability. Also as some others said it would need to be paired with building incentives to also make it easier for people to build homes, but in the short term the benefit would be incentivizing people to sell rental properties at a lower price and promote home ownership. I agree people won't be happy about reduction in rental income, but I don't think we should be incentivizing people to use housing as a way to make money - that's basically going to guarantee that prices are higher than they should be because the whole goal is to profit from it.