The plan to make housing affordable has been known for years, decades even.
You don’t cut prices, because it means cash-rich buyers will buy up the stock as investment in the long-term.
You don’t (only) give people money to buy, because you’re giving money to people that own property as a portfolio piece.
You:
Freeze rent so that any increases fall below inflation, making it a long-term loss, but stable in the very short term.
Provide opportunities for people to buy their rental properties, with tax incentives for those that sell at a cheaper rate.
Freeze house prices and gradually drop over the long-term, so that they are a slowly depreciating asset.
Assist those that wish to buy their rental properties.
(Forgot to add this) Agree a gradual drop over the space of several years to push the price of a house down.
This gives those that own multiple houses the means to sell property with a one-time tax benefit. You’ll lose money initially, but in the long term people can afford houses and the market will move on from property as an investment piece. The reason no one wants to do this is because it’ll take years to come to fruition, and most leadership terms aren’t that long.
Raise a taxes to extreme an degree for commercial ownership of residential properties and maybe even a 1 time multi-home tax up-front, use the money to support single property owners who end-up upside down in their mortgages. fuck people profiting off blocking out huge swaths of the population from home ownership.
The plan to make housing affordable has been known for years, decades even.
You don’t cut prices, because it means cash-rich buyers will buy up the stock as investment in the long-term.
You don’t (only) give people money to buy, because you’re giving money to people that own property as a portfolio piece.
You:
This gives those that own multiple houses the means to sell property with a one-time tax benefit. You’ll lose money initially, but in the long term people can afford houses and the market will move on from property as an investment piece. The reason no one wants to do this is because it’ll take years to come to fruition, and most leadership terms aren’t that long.
Raise a taxes to extreme an degree for commercial ownership of residential properties and maybe even a 1 time multi-home tax up-front, use the money to support single property owners who end-up upside down in their mortgages. fuck people profiting off blocking out huge swaths of the population from home ownership.