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There are a number of ways to do this without nationalization, e.g. the imposition of onerous taxes on investment properties, rental income, or real estate spec
by bugglebeetle 3y ago
There are a number of ways to do this without nationalization, e.g. the imposition of onerous taxes on investment properties, rental income, or real estate speculation, coupled with creation of state-housing funds to purchase properties that are now not worth it to own. If you do this while simultaneously engaging in widespread state construction of public housing, increase supply will also make investment ownership unattractive and force sales.
- alephnerd 3y ago> imposition of onerous taxes on investment properties, rental income, or real estate speculation How? This is vague. > creation of state-housing funds How? Who holds the liability and underwrites this? > widespread state construction of public housing How? Is there even a trained construction workforce anymore? In the US at least this no longer exists after 2008 [0] I'm not trying to be dismissive btw. I used to work in the policy space and there are organizational and liability issues that acted as a blocker against a number of the stuff you mentioned. [0] - https://www.axios.com/2023/02/10/construction-help-wanted https://www.axios.com/2023/02/10/construction-help-wanted
- thriftwy 3y agoThey should give a Russian developer like PIK or LSR a blanket licence to build scores after scores of 25 floor buildings with 20-30 sq.m. units until they plead for mercy. These will also fly the workforce in from Central Asia.