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Seems like an easy fix - just make it prohibitively expensive to own multiple properties. All these problems revolve around rich folks investing in real estate
by alexashka 11y ago
Seems like an easy fix - just make it prohibitively expensive to own multiple properties.
All these problems revolve around rich folks investing in real estate to make a buck - that that is even a thing, is insane.
Housing is for people to live in, not for you to buy, renovate, sell. Or buy, rent. Or buy, tear down, build new, sell/rent.
It's all part of a greater problem - when folks can become multi-millionaires by gaming the system instead of contributing to it and do so with impunity, we have what we have.
Housing prices are inflated by people who buy/sell for profit, coupled with retarded regulations that favor that over people trying to live their lives.
Capitalism yay in other words :)
- publicfig 11y agoGreat, and then either the raised costs of owning multiple properties gets passed down to the renter or people decide not to rent out houses and property in the first place, making renting itself almost impossible. Then we'll end up of neighborhoods that could have grown filled with urban blight that no one wants to invest in due to the fear of their property value continuing to tank or neighborhoods. It is not even remotely an easy fix.