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
I think this is the right idea but there should be focus on certain things. Like say car washes. At this point we know it’s a stake to flip the land as prices go up. I live in a place where it’s not uncommon to see a car wash within walking distance from another. May as well be the car wash capital of the world.
Car washes are not houses.
Well of course. But they could have been houses or actual business. I mean there was a burger place, one of the only two left in the country, got torn down and a car wash replaced it. The area was big enough for two or three houses or another business(s). Instead it’s a car wash that I never see anyone at. And this wasn’t like a really great place per say but it was a third space for bike and car meetups. I was trying to reference that those spaces could easily provide housing instead of something useless.
You’re talking about zoning strategies, it’s a whole other subject.
This is about taxing houses (one type of zoning).
I’ve sadly seem the same in these parts… derelict houses demolished and replaced with hotels (after the mayor kindly changed the zoning of course).
I see, I wonder how this would affect residential & commercial zoned properties. As in it’s a house but it can also be commercial property. I get calls al the time from companies trying to buy my house because of it. The nursing home keeps sending offers two houses down, I’m sure they get the spam as well, to expand their facility.