3 ms·

> It could even be extended to give preference to people who have established residency in a region How do you propose establishing residency if you cannot buy

> It could even be extended to give preference to people who have established residency in a region How do you propose establishing residency if you cannot buy a house? Be forced to rent even if you can buy a house? Basically what you’re proposing if citizens not being able to have mobility in the country. If you’re born in the economic centers or scenic places, good for you, but in case you were born in middle of Montana, good luck because you can’t go anywhere else.

ke88y 3y ago
No, no need to rent. The solution is pretty trivial, and even battle-tested because the problem has already been solved for mortgages (lenders really care whether a piece of property is your primary residence) and for income tax (your primary residence really matters). Simply require people to attest that they are purchasing the property as their primary residence, with significant penalties for fraud. You can make enforcement and public accountability even easier by ublishing both owner info and a boolean "is_primary_residence" flag in every county's plat maps/parcel database. I suggest lawmakers could additionally add an x-month grace period, for x =~ 3*<average time on market for like properties in the past 12 months>, which allows people to have a generous period of overlapping ownership while they are moving. Perhaps even allow an auto-appeal process that adds x more time if you can show that you listed the property for sale at around the assessed value and had no offers within say 10% of your asking price.