We already have first, primary, and only home exceptions to many things. There’s no reason Frank and Martha’s house should be any less valuable. The problem is housing as speculation is causing houses to be priced higher than their real value.
Comment on Poignant post on the state of things
Yondoza@sh.itjust.works 7 months ago
There are many things that need change, but fixing the housing prices isn’t complicated, it’s just unpopular. You just need to take make speculating on housing as an asset very expensive. This will drive down the demand from non owner occupiers (businesses). It will also reduce the value of the largest asset most people own. People who invested so much into owning a home with the expectation that it will appreciate aren’t going to support policies that do the opposite.
Maggoty@lemmy.world 7 months ago
tillary@sh.itjust.works 7 months ago
We should’ve been highly taxing homes that people own but are not living in from the start. Unfortunately we waited too long, and taxing it now will break the economy.
TheDoctorDonna@lemmy.world 7 months ago
Or you keep those taxes the same and use the money to reinforce social programs to make sure no one in your area ever has to go homeless or hungry again.
Cryophilia@lemmy.world 7 months ago
Por que no los dos?
Raise taxes on 2nd homes, use the tax to fund social programs
TheDoctorDonna@lemmy.world 7 months ago
The commenter I replied to said"when it’s no longer a problem" to lower the taxes again, I’m suggesting to not lower them again. People who have multiple homes should be paying maximum taxes on all luxury items- homes, cars, airplanes, income, everything possible, and that money should be used to support social programs.