Maybe it would help to massively increase property taxes on all houses that aren't the primary residence of their owners, and use the proceeds to build more houses
A vacant property tax would help with this.
Exponential increase for each and every additional unit (house or apartment) vacant for more than 3 months (without undergoing active, actual remodel with a set end date for the work) in a given year.
Oh no, not enough people for every unit to be filled? Bummer, better divest starting with single family structures!
Sounds like it's time to start burning shit down
This makes the housing market sound similar to Diamond marketing.
How does this jive with all the talk of a housing crisis. Where's that invisible hand of the market making things affordable. I hate capitalism
https://www.commondreams.org/news/wall-street-buying-houses
Emphasis is mine."The real estate industry would like you to believe the problem is entirely one based on supply and demand," and that regulations need to be changed to allow for the construction of more affordable housing, reads the report. But with 16 million vacant homes across the U.S.—28 for every unhoused person—"the reality is that the owners of concentrated wealth... are playing a more pronounced role in residential housing, thereby creating price inflation, distortions, and inefficiencies in the market."
Take it easy! Balance will trickle down any day now. We just have to trust them to regulate themselves a little longer. They wouldn't deliberately sabotage the market for profit, now would they?
I'd like to see a breakdown by zip code, or at the very least by county, of home values and vacancy rates. I have a suspicion that the problem is a local supply and demand problem rather than a national one. It makes no difference to the insane silicon valley housing market that there are thousands vacant homes in Michigan. This is why the build housing first plan is critical. We need housing where people need to live.
No war but class war.
Hmm what's gonna happen to these rich landowners?
Be a shame if someone burned em all down and we all just started over.
You mean if someone burned them down and blackrock got an insurance payout valued higher at the homes were worth allowing them to build lower quality replacements and rent it out at an even higher price to people because it's new and driving the average home price even higher? Yeah, that would be a shame
I mean you SAY shame......I would feel shame.....
Hey, we got any pyromaniacs in the house? We got a thing to do!
No shame starting here:
