Make it less economically attractive to own multiple houses (ban Air B&B, high tax rate on ownership beyond primary residence, ban corporate ownership of certain types of home, etc) and maybe we’ll see some shift.
Comment on Not so fast!
Lemmyoutofhere@lemmy.ca 22 hours ago
Will only get cheaper if there is large scale deflation, and then nobody will be able to afford a house because everyone will be unemployed.
nwtreeoctopus@sh.itjust.works 19 hours ago
Lemmyoutofhere@lemmy.ca 19 hours ago
There already is higher tax rates and higher mortgage rates on investment properties. It’s still worth it for small time investors.
nwtreeoctopus@sh.itjust.works 16 hours ago
Sure. Make 'em even higher. Plus all the other suggestions.
SuluBeddu@feddit.it 18 hours ago
Or very high and progressive multi-property taxes 🫣