3 ms·
I agree we need to build more housing and in places like Seattle that means denser housing as well. A single family home in the city is a fantasy. But there’s
by mulmen 4y ago
I agree we need to build more housing and in places like Seattle that means denser housing as well. A single family home in the city is a fantasy. But there’s really no reason to ever sell a house here when you can just rent it out. Just building more is only part if the solution.
I’m not saying we should just ban short term rentals. I’m saying we should make all rentals ruinously expensive unless they actually provide some economic benefit. If you aren’t providing housing to low income renters that truly can’t afford a home then you don’t get to buy more houses. Just destroy the incentives to hold real estate through taxes.