Comment on Home sales are down. So why are prices at an all-time high?

invertedspear@lemmy.zip ⁨4⁩ ⁨days⁩ ago

Make a new law that a corporation cannot own single family homes and individuals cannot own more than two single family homes, condos, or cabins and the housing issue is solved. People can still have a vacation home, or a single rental property, a few for a married couple, but they don’t get to own 50 homes anymore unless they want to run an apartment complex. I do think there is societal value in rentable single family homes, but it’s gone too far.

Give them one year to divest, and start charging a tax if they don’t that starts at 25% of the homes assessed value, and raises 25% every year thereafter.

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