2 ms·
Home prices (and thus rents) can be controlled with simple supply, independently of the Fed's changes to interest rates. If you're interested in lower house pri
by martythemaniak 3y ago
Home prices (and thus rents) can be controlled with simple supply, independently of the Fed's changes to interest rates. If you're interested in lower house prices, join (or start) a local YIMBY-type advocacy org.
- jandrese 3y agoI'd like to see areas with chronic shortages implement vacancy taxes. A rental unit that sits empty for 3 months starts getting taxed at 20% of the fair market rent for the unit every month, and that percentage goes up 20% every month up to 100% after 7 months.
- martythemaniak 3y agoYou can do it, but it doesn't matter. Places that have been struggling with high prices for a long time (Vancouver or Toronto for example) have tried various flavours of vacant homes tax, foreign buyers tax etc and it didn't make a difference.
- HWR_14 3y agoDo you have any evidence that home and rent prices can be controlled by simple supply, as opposed to new stock being purchased by large landlords and investors?