this post was submitted on 12 Aug 2023
112 points (98.3% liked)
Canada
7200 readers
372 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I like the idea of progressively higher taxes. Second house might have a modestly higher tax, but the third will be a steep increase and it only gets higher from there. Anyone who truly wants/needs multiple homes can have em, but they're gonna pay through the teeth for them (which we can invest into building more homes).
We have such a shortage that IMO any extra home ownership is a problem. But it's the kind of problem that I don't think is a concern if they pay sufficient taxes on it. It's the kind of problem that we can largely throw money at to fix.
Personally, I have no issues with things like summer homes, or having a second property you rent out for some money on the side.
The first is typically somewhere that having property is purely a luxury rather than a neccessity, so as long as it's not being done in another large city or something, it's not that much of a big deal. Especially so if the government isn't on the hook for utilities.
For the latter, as long as the number of properties being rent out, and that the renting is done properly, it's not a big deal either. The government already has regulations on rentals anyways, though I do wonder how well they're enforced. Either way, while I do agree that excesses here is an issue, one or two properties utilized like this isn't a problem, even if thousands of people do it in a single city.