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Absolutely agree. Everyone else that replied seems to disagree probably because they are landlords. Which is fairly high in HN. Oh I'M not the problem it's some

Absolutely agree. Everyone else that replied seems to disagree probably because they are landlords. Which is fairly high in HN. Oh I'M not the problem it's someone / something else. The reason "not building" is not the issue, is because even brand new homes are being scooped up in investments. Raise property taxes for all non-occupied, airbnbs, and fuck even rentals, and while it might cause rentals to temporarily go up, housing prices will drop like a brick. Make it unreasonable to rent out a home. Heck make it unreasonable to own a second home unless you're Bill Gates.

xivzgrev 2y ago
Raise property taxes? Those are usually a rounding error in a rental P&L (and it’s tax deductible) The only way I see out of this mess is to ban ownership of SFH by anyone other than…single families as primary owners. Corporations, foreign owners, secondary homes, etc. But we need to address other issues too: zoning (make Houston’s approach nationwide) and construction costs.
lief79 2y ago
First two make sense ... rentals is really complex. How long are you willing to hurt those with the least amount of money. Maybe a home owners break, and a second weaker first rental/vacation home break would match the current approach (and dodge more of the individuals who'd kill the legislation for for your idea. Alternately, a discount for occupied properties. I was initially thinking corporate owned rentals or anyone with more than 2 properties, but the above seems cleaner.
- oneeyedpigeon 2y ago
  Housing is such a unique thing that I think it should be treated differently when we talk in terms of 'capitalism', 'public services', etc. Everyone needs a house. Nobody can use more than one house simultaneously. Houses are incredibly expensive, but most of that cost is purely market-driven. Housing is, essentially, a zero-sum game.

xivzgrev 2y ago

Raise property taxes? Those are usually a rounding error in a rental P&L (and it’s tax deductible) The only way I see out of this mess is to ban ownership of SFH by anyone other than…single families as primary owners. Corporations, foreign owners, secondary homes, etc. But we need to address other issues too: zoning (make Houston’s approach nationwide) and construction costs.

lief79 2y ago

First two make sense ... rentals is really complex. How long are you willing to hurt those with the least amount of money. Maybe a home owners break, and a second weaker first rental/vacation home break would match the current approach (and dodge more of the individuals who'd kill the legislation for for your idea. Alternately, a discount for occupied properties. I was initially thinking corporate owned rentals or anyone with more than 2 properties, but the above seems cleaner.

oneeyedpigeon 2y ago
Housing is such a unique thing that I think it should be treated differently when we talk in terms of 'capitalism', 'public services', etc. Everyone needs a house. Nobody can use more than one house simultaneously. Houses are incredibly expensive, but most of that cost is purely market-driven. Housing is, essentially, a zero-sum game.