While true, in the USA, there are millions of “investment homes” owned by investment firms, all sitting empty, driving down supply and driving up costs. The solution to the housing market in this instance isn’t to increase the availability of 150sqft slum lord flats, but instead to significantly decrease the number of “investment homes” an entity is allowed to own.
Comment on Are 'micro-apartments' converted from offices the answer to the housing crisis?
MyOpinion@lemm.ee 5 months ago
Lots of housing is the solution to the housing crisis.
01189998819991197253@infosec.pub 5 months ago
reddig33@lemmy.world 5 months ago
I’d love to see an “empty property” tax. It would drive down the number of empty offices and homes, generate revenue, and drive down realty prices and rents.
01189998819991197253@infosec.pub 5 months ago
And this tax needs to increase 25% every 6 months until it’s no longer empty.
Ledivin@lemmy.world 5 months ago
Outlaw AirBnB and corporate ownership of residences or the amount of housing will literally never matter.
pearsaltchocolatebar@discuss.online 5 months ago
Also ban housing as an investment vehicle.
ExtremeDullard@lemmy.sdf.org 5 months ago
Just ban housing.
Spacehooks@reddthat.com 5 months ago
Pull a japan and make wooden houses have a lifespan so I’m not paying top dollar for house that wasn’t renovated since 1935.
nilloc@discuss.tchncs.de 5 months ago
Most houses in my area are wooden and at least 60 years old. And there are plenty of 100+ and 200+ wooden homes too.
I thought the reason Japan has so many younger homes was all the carpet bombing in WW2. Same with German housing stock.
technocrit@lemmy.dbzer0.com 5 months ago
Almost there… It’s really about ending capitalism.
reddig33@lemmy.world 5 months ago
AirBNB/short term rental is likely already illegal in most cities. But no one wants to take it on (can’t piss off the lobbyists I suppose). If you’re renting out a property for a few days or a couple of weeks and you don’t live on site, that’s a hotel, not a BNB. And hotels are already zoned and taxed and regulated — they can’t be in a residential neighborhood for example. You’d think hotel chains wouldn’t want this illegal competition and would sue.