Any reason why we can’t just change the tax code to make this thing less viable? We disincentive things all the time. Like we can carve out exemptions for situations and things I’m sure but like, this shouldn’t be how to run a society.
If you took every property that individual people owned and gave every one of them other people, we would still have a housing shortage with insane prices for a home. Shitty as most landlords are, the real problem is massive companies that buy up houses.
The higher the supply the lower the prices; we need higher housing supply. We need to reduce barriers to building homes and increase government investment in building new homes.
Around where I live they’re slapping up houses literally as fast as physically possible.
The infrastructure of the county can’t keep up with the number of new neighborhoods and popping up. Traffic is insane and the schools are beyond busting at the seems. The elementary close to my house isn’t even 10yrs old and it has almost as many classrooms in t buildings as it does in the school itself. And house prices are still insane.
Any reason why we can’t just change the tax code to make this thing less viable
Culture. Too many people think those who have more deserve more and those who have less deserve less.
It’s the same idea that made slavery so accepted in the South. Most Southern whites did not own slaves; they could not afford it. They still supported slavery because they supported the idea of owning slaves, that maybe one day they could get a slave of their own.
Same goes for why we have so many dirt-poor paycheck-to-paycheck useful idiots going to bat for their oppressors; they’re hoping that one day they can be the oppressors. Oh, and they don’t want to admit they’re being taken for a ride.
Until this culture changes, we shouldn’t expect things to get any better.
Yep, easiest way to solve the housing crisis is a scaling tax on property ownership and rent. The first property you own is taxed relatively low, with it scaling exponentially as you add more properties.
Any reason why we can’t just change the tax code to make this thing less viable? We disincentive things all the time. Like we can carve out exemptions for situations and things I’m sure but like, this shouldn’t be how to run a society.
If you took every property that individual people owned and gave every one of them other people, we would still have a housing shortage with insane prices for a home. Shitty as most landlords are, the real problem is massive companies that buy up houses.
The higher the supply the lower the prices; we need higher housing supply. We need to reduce barriers to building homes and increase government investment in building new homes.
Around where I live they’re slapping up houses literally as fast as physically possible. The infrastructure of the county can’t keep up with the number of new neighborhoods and popping up. Traffic is insane and the schools are beyond busting at the seems. The elementary close to my house isn’t even 10yrs old and it has almost as many classrooms in t buildings as it does in the school itself. And house prices are still insane.
Culture. Too many people think those who have more deserve more and those who have less deserve less.
It’s the same idea that made slavery so accepted in the South. Most Southern whites did not own slaves; they could not afford it. They still supported slavery because they supported the idea of owning slaves, that maybe one day they could get a slave of their own.
Same goes for why we have so many dirt-poor paycheck-to-paycheck useful idiots going to bat for their oppressors; they’re hoping that one day they can be the oppressors. Oh, and they don’t want to admit they’re being taken for a ride.
Until this culture changes, we shouldn’t expect things to get any better.
Yep, easiest way to solve the housing crisis is a scaling tax on property ownership and rent. The first property you own is taxed relatively low, with it scaling exponentially as you add more properties.