The ownership of homes by wall st. was always a terrible idea.
yeah, fuck tax benefits, make it illegal
Property tax should be 100% for third houses (there are legit reasons to own 2 houses - especially when helping a family member finance a home or inheriting property) and for any houses not owned by an actual human.
Give developers building a house 3 months to sell after completion. If it doesn’t sell in that time, it gets auctioned off to the highest bidder with no minimum price.
Also give a maximum construction time of like 2 years to keep them from leaving a door off or something and calling it unfinished until it sells for their inflated bullshit value.
Land zoned residential must be developed or sold to an individual human within X years. Empty land that’s zoned residential should be platted with a maximum lot size appropriate to the area to keep them from developing 1 house on a thousand-acre tract and selling it to someone who is trying to sit on the land as an investment.
Essentially, developers need to be forced to build and sell houses at a fair market rate they’re prohibited from manipulating.
also 100% rent tax for second rent and beyond.
you ask rent for one house, fine. maybe you invested in it, inherited it, whatever. maybe you have one house but don’t want to live in it so you have renters in it while you rent another apartment yourself, cool, you do you. you’re paid rent from one source, you pay regular rates. you put a second place for rent, sorry, all of it goes to subsidizing affordable (if not free) housing.
and because I’m a gracious and benevolent pretend lawmaker, you get to choose which single place you get to pay the regular rates for. all the rest of your places get 100%.
market rates can also be enforced with flexible tax rates:
if the market is 100 and you ask for 100, you pay X.
if you ask for 200, you pay X + 100.
if you ask for 300, you pay X + 250.
if you ask for 400, you pay X + 400. and so on.the government can easily make sure you get not only zero benefit from inflating prices, but actually take losses. if the rich cunts can pay negative taxes, they can handle negative net gains.
150%.
100% still let’s them sit on it and raise property rates.
My one question with this is, what do you do for multi-unit apartments and such that aren’t condos? Yes, it’s corporate-owned. Yes, that has its own slime that needs to be cleaned up. But it’s also a reasonable way to increase housing density (meaning more housing and, if done correctly, less reliance on cars). Housing rentals do have their place in the world, especially when people only plan on living somewhere for a few years (college students, military, medium-term jobs)
How do you free up the housing market from landlords and investors while not screwing things up for people who would actually be better off renting?
simply decommodify housing, either by force or with aggressive taxation that makes it effectively poison to try to collect houses like these leeches do. once all the extra houses become poison, the government buys them for a reasonable price.
reasonable for the people, btw, not for the owners. then you provide affordable housing that pretty much acts as a rent, except instead of pouring money into the bank account of a random fuckwit you pay a little extra tax for it.
because it’s super affordable and always available, losing your home is now no longer a big concern. imagine the kind of power this gives people in the workforce alone. let alone general public health and mental stability.
you could have it as rent-taxes as long as you stay, where you can move out whenever, move in to another government housing or maybe buy your own and move there. or you could have the option to rent-until-you-own, where you pay taxes to live in a house until you completely pay it off, and then it’s yours, so long as you don’t own another home. basically like mortgage/credit but without banks and much cheaper installments and overall price.
Ehhh… Your first word was “simply” and that was followed by a 4-paragraph paradigm so different from what we have it’s bound to open many more cans of worms. I’m not sure it’ll be that simple
I’m sorry, we were knee deep in a situation already completely different than what we have and then you asked what about the benefit of renting. this is only one step away from what we were saying before. we already established that taxes should make owning homes untenable. next step is the government buying those extra homes and making them available for rent.
I think this is maybe a tad extreme. There should definitely be diminishing returns for each additional single family home rented, but I propose something like an additional 20% per. So, 20% for the 2nd, 40% for the 3rd, 60% for the 4th, 80% for the 5th, etc. Nobody needs to own more than six single family properties.
My proposal, however, also includes that when we catch some asshat inevitably inventing shell corporations and LLC’s attempting to evade this, as if we couldn’t see that coming a mile off, we don’t tax or fine them.
Instead, we put them in jail.
Can we add on the penalty being forced to hike across the Mojave buck naked with no shoes.
Tax benefits for investors buying homes?!?!?!!??!
Who the FUCK DID THAT?!?!?
“housing market is really hard to fix guys”
Gives tax breaks to landlords
You won’t believe it, but they are also invested in Congress, and Congress knows how to pleasure shareholders.
Ummm. The investors I would guess.
Guess
Depreciation of assets are tax write-offs, I think.
It’s almost as if Harris knows how much Trump loves playing with his real estate
Her campaign so far has been a masterclass in trolling. Can’t wait for the next Truth meltdown to drop.
enforce fair housing laws
Hopefully this includes not kicking out people who can still pay rent, just so the landlord can have themselves a weekend vacation cabin or higher-priced rental. And there should be a law forcing landlords to offer a rent-to-own option. Also, how about recalculating inflation to account for every expense that has gone up, so that the percentage a landlord can raise rent each year isn’t so damned high. While we’re being fair, of course :|
I agree with everything you said except for this:
And there should be a law forcing landlords to offer a rent-to-own option.
I generally don’t think there should be laws forcing individual citizens to sell anything they own. I could however be on board with government regulated and incentivized rent-to-own programs.
Honestly, I don’t feel like landlords should even exist
Sure, maybe renting can still exist, as long as it’s cheaper and government run or something. I would much much rather give my rent to the government than some rich fuck who literally gets my money for free
Whether or not they should exist is basically irrelevant. They do and that’s not something we’re likely to see change. Also, sometimes renting is a better fit for people at certain phases of their life.
In exchange for a reasonable rent, a landlord is responsible for ensuring that the building is kept safe and well maintained and that any necessary repairs happen as quickly as is reasonably possible. What I’d really like to see is landlords being held accountable for failing to do so.
In exchange for a reasonable rent, a landlord is responsible for ensuring that the building is kept safe and well maintained and that any necessary repairs happen as quickly as is reasonably possible. What I’d really like to see is landlords being held accountable for failing to do so.
Most of the lack of enforcement is for obvious reasons (landlords lobby and in some cases run the government), but there’s also a practical constraint: individual renters in a building tend to litigate this individually.
It should be easier to either start up a class action lawsuit, or there should be a mechanism to “unionize” renters in large buildings automatically or something. Slumlords are a very real thing, and there ought to be a better way to litigate them out of existence.
You may have to redefine the legal term for landlord then, cause there are a lot of things that would count towards it on a legal level. For example renting out a portion of ones land for secondary use, an easy example is someone sticking a trailer on ones land and living there. Another two examples are closer to industrial but still count, renting land for livestock grazing and renting land for storage. Pretty sure they all count towards landlordship on a legal level.
I understand what you’re saying and I did feel weird typing that since I know there must be a better alternative.
Something has to give, though. In late June I had to leave a place I rented for 19 years and I’m still stunned. Idk how much of the house’s value we paid in rent, but it was a lot. And it wasn’t even a large home, just a small cabin few people would wish to live in. But there was nothing stopping the landlord from kicking us to the curb.
Idk how much of the house’s value we paid in rent, but it was a lot.
Definitely 80-100% of it.
Almost 20 years of renting, if all of that including the (almost certain) increases had been applied to the original mortgage you’d likely own it by now.
They charge you everything they’re charged plus add on a profit margin. That profit margin if applied to principle on a standard 30 year mortgage would’ve paid it off earlier.
Yeah, and it sucks, but what can I do but move on :/
Vice President Kamala Harris will call for the construction of 3 million new housing units in her first four years in office, as well as a new tax incentive for builders that construct properties for first-time home buyers,” the Wall Street Journal reports.
“The housing initiatives are part of Harris’s emerging economic plan, which she is expected to address in a speech in Raleigh, N.C., on Friday. Rising prices have become a point of intense debate between Harris and former President Donald Trump.”
This is what kills me among many things about Republicans. Trump’s pitch is “BiDeN RuInEd EvErYtHiNg!” and his only policy is “deport everyone and give the heritage foundation whatever they want.”
Democrats actually have plans to attempt to fix the issues we have, whether self inflicted or not. Whether they can actually accomplish those plans is something else, but at least there’s a plan other than bitching “the other guy sucks so vote for me!”
Magoos act like we are the same with Trump, but that’s because it’s all fox news tells them and their feelings get hurt when we say how horrendous Trump actually is so they get defensive and rely on BoTh SiDeS!
THANK FUCK
Somehow it won’t get done in her first term but vote her back in and she promises it will get done in her second term. How do I know? Because every single president does the same exact thing.
Because every single president does the same exact thing.
What are you talking about?
Biden got about as much as he could get through a Republican controlled House and a filibustering Senate: a major COVID relief bill, a major infrastructure bill, and a major environmental reform bill.
Trump did a shitload in his one term:
- Replaced 3 Supreme Court justices and a lot of lower court judges who went on to overturn Roe v. Wade and Chevron, deliver a shitload of conservative decisions, and block a bunch of Biden executive actions (including student loan forgiveness, all sorts of COVID policies, and a bunch of economic regulations).
- Major tax cuts in 2017 for corporations and high earners
- Withdrew from the Paris accords and rolled back a lot of Obama EPA regs
- Made shifts towards privatization of k-12 education, including towards religious private schools.
Obama signed a bunch of stuff into law his first two years:
- Obamacare
- Universal healthcare for children under S-CHIP
- Student loan reform, creating public service loan forgiveness and much better repayment plans while cutting out private lenders who took all the upside with none of the downside.
- Lily Ledbetter Fair Pay Act
- Repealed Don’t Ask Don’t Tell
- Passed Dodd Frank, including the creation of the Consumer Finance Protection Bureau
- School lunch reform
Bush campaigned on tax cuts and got them, and then got a bunch of other stuff in from his first term related to 9/11 and the aftermath: The Patriot Act, authorization for wars in Afghanistan and Iraq, etc.
If anything, presidents are far less effective their second term than their first term.
What a terrible reply. I never said presidents don’t get anything done in their first term. Just pointing out how a lot of shit they campaign on doesn’t get done so they campaign on the same shit again.
And they’re telling you you’re wrong. Biden campaigned on getting stuff done and he got stuff done. Don’t project your pessimism onto everyone else, it’s not helpful
Well of course there are things that get done. I feel like I’m talking to a child right now. I thought when I switched to lemmy I wouldn’t have to explain every single detail in my comments, boy was I wrong. You guys do not understand and you’re arguing like you do.
Don’t be obtuse.
They provided you a ridiculous amount of counter points.Please go back to Reddit.
Counterpoints to something I wasn’t even talking about. I never once said presidents don’t get stuff done in their first term. They just listed stuff they did in their first term.
And yet this flawed process has still accomplished more than edgy cynicism ever has.
Most presidents get tripped up by Congress and the filibuster.
Only comment that makes any sense in reply to mine. This is true. I’m just saying they always campaign on the same shit that they can’t get done in their first term.
While you’re probably right, there really isn’t a better choice here. It is what it is.
I’m only voting for her because of her running mate.
I’m voting for both of them. Seems like a great team.
Yeah Walz is the kind of person I really want up there. It’s not just that he’s liberal(as far as our country’s standards go) but also the fact that he has a great track record on delivery.
I’d still vote anyways to keep DT out but you know how it is. It’s hard to be excited given how it feels that the Dems have a habit of wiggling their way out of delivering on important issues.
This is how politics work. This is neither new nor a deep critique.
Most people have too much mental load in load in their life. Politicians tie things to election years because people would forget what they did otherwise.
It’s not social housing, but it’s certainly a step in the right direction
Promises mean dogshit in this day and age
She hasn’t promised anything. It just says she is supporting a proposal.
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Maybe that helps, in general private equity or owners need a cap on purchasing rental housing units
