So it’s working as intended. I often think an actual way to address this would be to double the tax burden for each additional house held by any company and its subsidiaries - double taxes for the second, quadrupled for the third, and so on. Sure, there’s going to be a stark correction when all those homes hit the market but it’s better than bleeding families dry on renting them, and I’m not going to shed tears for people who paid 50k on their house and expected to sell for a million
I’ve always thought a good approach might be to mandate rent-to-own agreements. Of course, that would also need to be paired with more robust renters’ rights, to prevent companies from just evicting folks when the rental period is almost expired.
Could probably also add some sort of time element - the increase increases over time to also help push companies to sell their homes over time instead of all at once - plus maybe push people to sell 2nd and 3rd homes they’re renting
So it’s working as intended. I often think an actual way to address this would be to double the tax burden for each additional house held by any company and its subsidiaries - double taxes for the second, quadrupled for the third, and so on. Sure, there’s going to be a stark correction when all those homes hit the market but it’s better than bleeding families dry on renting them, and I’m not going to shed tears for people who paid 50k on their house and expected to sell for a million
I’ve always thought a good approach might be to mandate rent-to-own agreements. Of course, that would also need to be paired with more robust renters’ rights, to prevent companies from just evicting folks when the rental period is almost expired.
Could probably also add some sort of time element - the increase increases over time to also help push companies to sell their homes over time instead of all at once - plus maybe push people to sell 2nd and 3rd homes they’re renting