The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 2 months agoWhat could go wrong?lemmy.worldimagemessage-square170fedilinkarrow-up11.23Karrow-down132
arrow-up11.2Karrow-down1imageWhat could go wrong?lemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 2 months agomessage-square170fedilink
minus-squarePennomi@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·2 months agoWell sure, people would stop renting in protest, and you’d have to tax unoccupied spaces at high rates to compensate. It would crash the real estate market, which arguably needs to die since availability is artificially scarce due to wealthy hoarders.
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up10·2 months ago tax unoccupied spaces at high rates to compensate. Doing just this would help quite a lot today. A bunch of properties sit vacant because it’s cheaper to just pay the taxes and let the property appreciate than it is to bother with renting.
Well sure, people would stop renting in protest, and you’d have to tax unoccupied spaces at high rates to compensate.
It would crash the real estate market, which arguably needs to die since availability is artificially scarce due to wealthy hoarders.
Doing just this would help quite a lot today. A bunch of properties sit vacant because it’s cheaper to just pay the taxes and let the property appreciate than it is to bother with renting.