3 ms·
This is a completely unrelated issue, but I do support rent control. Rents were completely unaffordable before the corporate story entered the picture, and at o
by epistasis 3y ago
This is a completely unrelated issue, but I do support rent control. Rents were completely unaffordable before the corporate story entered the picture, and at only 11% of the SFH market, it's not the main issue, and perhaps most importantly, nobody ever complained about corporate ownership of apartment buildings. Rents are completely unaffordable even in places that have rent control. The only affordability measure that works is providing enough housing to meet people's desire to live in a place.
I ask you, what are homeowners' profits virtuous but corporate profits not? The corporate ownership of SFH is a sign that there are huge profits in owning homes, not the cause of it.
- toomuchtodo 3y agoHomeowners should be taxed on their primary residence gains just as corporations should be. I am fully in favor of removing the primary residence tax exemption.
- epistasis 3y agoWe can agree on this! Would you be in favor of changing the system such that homeownership is no longer such a profitable endeavor, where it leads to unaffordability for future generations? This is the core of the problem in my view, and corporate ownership is a way of distracting people from taking political action on the core problem confronting our housing situation.
- toomuchtodo 3y agoOf course! Housing should be housing, not a pyramid scheme asset class.