My idea to combat this: Tax people and corporations that own multiple homes. The more and more homes they own, the higher and higher their real estate tax should be, to the point it’s not worth holding and renting homes. Maybe the taxes starts going up after purchasing a third home.
XyranDarkstar on
Oh, don’t worry soon, no one will be able to rent.
anavriN-oN on
How is this a facepalm?
Legal_Cattle3349 on
The limit should be zero for corporations when it comes to single family homes. And for individual, there should be limit of 2-3. Multifamily homes are fair game and there are plenty of them out there.
Merijeek2 on
Careful. You just gave every Republican office holder an erection.
Sargatanus on
Repost bot that just got activated
Noobphobia on
I’d be ok selling my house to a company. At this point I just want it to sell lol.
rocketmn69_ on
One World Order… big brother is coming
iLikeMangosteens on
This is rubbish. High prices of homes are caused by an imbalance of supply and demand. When there is high demand and little supply, investors (individuals and corporations) will exploit that by buying up the supply and renting it to people who don’t have the ability to buy.
The solution is to build more homes. When there’s enough housing to meet the demand for housing, then prices will fall and there’s no further incentive for an investor to purchase investment property.
If there’s a villain in this story, it’s NIMBYs who oppose construction and densification, the city leadership they elect to deter construction, and the people who vote against capital infrastructure bonds.
CheckOutDisMuthaFuka on
Wtf is a pottersville?
TheNatureBoy on
In the Netherlands they let people move into uninhabited houses. It seems this immediately solves the problem but deeply offends half of the population.
TwitterLegend on
Everyone likes to complain about HOAs (and I agree about the petty bullshit) but we were able to vote to not allow corporations to buy and rent homes in our neighborhood. An example of good NIMBY for once.
Pitiful-Ad-4170 on
This is a major problem for America. Why should anyone own , flip , rent 500 houses. Not apartments. Houses. Wondering why the market is so high. Bezos , Back rock, as just to name a few…
Sheogorathis on
My parents keep saying this the communist Kamala dream lol. This is capitalism and greed
14 Comments
My idea to combat this: Tax people and corporations that own multiple homes. The more and more homes they own, the higher and higher their real estate tax should be, to the point it’s not worth holding and renting homes. Maybe the taxes starts going up after purchasing a third home.
Oh, don’t worry soon, no one will be able to rent.
How is this a facepalm?
The limit should be zero for corporations when it comes to single family homes. And for individual, there should be limit of 2-3. Multifamily homes are fair game and there are plenty of them out there.
Careful. You just gave every Republican office holder an erection.
Repost bot that just got activated
I’d be ok selling my house to a company. At this point I just want it to sell lol.
One World Order… big brother is coming
This is rubbish. High prices of homes are caused by an imbalance of supply and demand. When there is high demand and little supply, investors (individuals and corporations) will exploit that by buying up the supply and renting it to people who don’t have the ability to buy.
The solution is to build more homes. When there’s enough housing to meet the demand for housing, then prices will fall and there’s no further incentive for an investor to purchase investment property.
If there’s a villain in this story, it’s NIMBYs who oppose construction and densification, the city leadership they elect to deter construction, and the people who vote against capital infrastructure bonds.
Wtf is a pottersville?
In the Netherlands they let people move into uninhabited houses. It seems this immediately solves the problem but deeply offends half of the population.
Everyone likes to complain about HOAs (and I agree about the petty bullshit) but we were able to vote to not allow corporations to buy and rent homes in our neighborhood. An example of good NIMBY for once.
This is a major problem for America. Why should anyone own , flip , rent 500 houses. Not apartments. Houses. Wondering why the market is so high. Bezos , Back rock, as just to name a few…
My parents keep saying this the communist Kamala dream lol. This is capitalism and greed