No one should get a second home until everyone's had their first.
this post was submitted on 18 Aug 2024
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Except for the first one, each next home should be taxed exponentially higher.
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I hope thats "10" in binary
I'm not against people having a second or third home, as I don't see the class above mine (a farmer getting a side hustle from his family house now that his kids have moved away) as particularly threatening or exploitative.
It's the faceless class above that I hold issue with, coordinated rent seeking behaviour to the degree of being able to fix prices in an area. These do tend to be in the "10+ homes" category
It depends. If you own a second home just as an AirBnB, youβre part of the problem and should be eaten after the millionairesβ¦
If you own 9 homes you're as much of a piece of shit as someone who owns a hundred
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Should be illegal to own more than two homes honestly. Especially if you're using them as rental properties. You should get one rental property and that's it. The rest must be residence
Just make it illegal for businesses to own real estate, or participate in real estate markets of any kind outside of strictly regulated commercial areas.
Also make laws that protect home owners not banks... The list goes on... Nationalized food production, making it illegal for incorporated cities to have more than a very small number of homeless.
This would be a much better policy than OP's "over 10", since 82% of investment home purchases in Q2 2023 were to those with 9 or fewer houses. Investment purchases made up about 24% of all home purchases.
Why should they get a rental property? Why should basic fundamental human necessities of which we have plenty be treated as commodities? You get the house you live in, and I get the house I live in, and if you want to try to extort me for payment for that house no one should support you.
Some people have seasonal homes, and spend half the year in each. I'm not opposed to renting out the vacant one (which was part of the original purpose of air bnb). It's a little lavish, sure, but definitely not the same as hoarding property to rent out.
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Shouldn't even be allowed one property intended for rental honestly.
- single family dwellings β maximum of two
- multi-family dwellings β landlord is required to live in the same building as tenants
I'm fine with renting as it spares me all the hassle that comes with owning. I live in Germany where renting is heavily regulated and it works so good that nearly 60% of the people over here never own any of the flats or houses they happily live in.
Ten should be the max number as that represents an average apartment house over here.
Yeah, but you could rent from the government instead of private owners. You have completely no leverage over them, and government could use the rent money to build more housing for renting or sale and drive prices of housing down instead.
I'm all in with your suggestion and want to point to housing cooperatives which are nonprofit by default and make the members co-owners of the complete stock of housing the cooperative is owning and managing.
Over here in Hamburg cooperatives handle about 20% of all housing dampening prices in general as they rent noticeably cheaper than owners who want to turn a profit (in Germany rents are bound to certain maximum levels defined by the market in the city).
Vienna has even more housing in the hands of cooperatives which definitely helps with housing and prices.
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I love the binary in the newscast. Anything more than 10 homes should be illegal.
Found out this weekend that my uncle owns 40 houses in Indianapolis and complains about how aggressive homeless people are and how we need armed cops to deal with them.
Condolences.
10 homes? How about like 3 max. And that's being generous.
Ten max. Super low tax on the first one, slightly higher on the next 2, then insane tax on anything over 3
2 or no deal and the hangings continue.
But unironically
Lots of terrible ideas haven't been tried.
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