this post was submitted on 21 Nov 2023
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Wouldn't it be better to boost long-term personal residence ownership? Boosting the number of people renting is just a way, it seems, of exacerbating the heart of the housing problem.
You boost ownership by making it infeasible to be a landlord... You tax the fuck out of residential property ownership that is not your primary residence. If you own a home you don't live in, 1% tax on the total value of the home, every year... And that tax rate increases at 2x the rate of inflation, every year. Within a decade or two, the housing market gets fixed as each individual owner determines that their 'income property' isn't profitable anymore.