4 ms·
I fully understand that, and I think it's really bad policy, similar to rent control. It's just one factor among many, but it contributes to California's astron
by hn_throwaway_99 3y ago
I fully understand that, and I think it's really bad policy, similar to rent control. It's just one factor among many, but it contributes to California's astronomical housing crisis - when you make it so distasteful for people to rent out their homes in the first place, people respond by being loath to add badly needed inventory and instead put their homes to other uses, including just letting it sit empty.
- whimsicalism 3y agoI disagree merely with it being a weird or wrong expectation in many cases, not that it is bad policy.
- Obscurity4340 3y agoThat's where vacancy taxes should be kicking in. People need to get it through their heads: you don't have some god-given right to hoard property for any other purpose than for it to be legit occupied. It needs to be discouraged as an investment vehicle to the detriment of all the other productive and pro-social uses for it. Use it or lose it I say. You wanna invest? That's what the S&P and index funds are for. Go thusly