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> It really is high time there is some serious regulation around home ownership, especially as an investment vehicle. Occupancy taxes would be a very good star
by bsder 3y ago
> It really is high time there is some serious regulation around home ownership, especially as an investment vehicle.
Occupancy taxes would be a very good start--especially if applied aggressively to investment holders (resident owners aren't really the problem) who can't demonstrate that they live in a space.
It's a lot harder calculation to hold a space unoccupied in the hope of getting better rent if you're staring down a nice big bill for a place being unfilled. It would also cut down on the whole AirBnB idiocy if you don't automatically classify that as occupied.
Suddenly, you will have housing owners aggressively hunting for residents.
- balderdash 3y agoI don’t get the impression that there are tons of residential housing units sitting empty in high demand areas (excluding seasonal vacation areas, trophy properties of the rich, and stuff caught in rebt control purgatory)
- bsder 3y agoAirBnB "investment properties", for example, are still clogging up a lot of areas that have tourist flows. Some of the residential apartment units, for example, are playing pricing games with rental prices vs occupancy because they can blame it on "pricing software" right now. An occupancy tax would neutralize those.
- balderdash 3y agoEhh, take San Francisco there are like ~6,000 Airbnb listings (let’s assume they’re all dedicated spec properties) if you put those all on the market, that’d be like be like 1.5 months of inventory, you might make a dent that month, but you’re not moving the needle…