If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
Imagine houses that don’t cost nine and a half fortunes, because they are not considered one of the most profitable ways to invest, for the richest people in the world.
Housing doesn’t have to be prohibitively expensive, whether temporary or permanent residences.
It’s not about temporary living in a place not existing, it’s about forbidding the ways that rich people go about making housing scarce, and corner markets.
That is true, but not what was pointed out. Who rents out homes then, it not companies or landlords? I fully agree companies should not own homes. And also believe rent should be pinned to purchase price value +x% per year something. And landlords should not be able to own more than a certain number of dwelling units.
But then who rents out the temporary homes, or homes for people who just don’t want to own for a reason
One heavily oversimplified answer, from the many possible ideas, is:
Nationally built cheap housing, with minimal or no rent. That means, housing as a public good, like nationally owned water and electricity companies.