I mean, just tax corporate home ownership, double property tax for homes that sit empty for more than 3 or 6 months, and put a 50% tax on any rental net profits above 15% of the total rental price.
Use that money for high density/low income development grants, seems simple to me.
Bit of a stretch to say only. I know several middle class people who are renting and would be in a much better position if rent dropped and housing dropped.
Admittedly those middle class who already own a home would be affected.
Or anyone sitting on their hands waiting to buy a house… like all the young peop—oh yeah they don’t have any savings because rent went up and wages never moved.
It’s sweet that you think we can just implement social policies like that.
Only the rich and corporations would benefit from the housing market crashing.
I mean, just tax corporate home ownership, double property tax for homes that sit empty for more than 3 or 6 months, and put a 50% tax on any rental net profits above 15% of the total rental price.
Use that money for high density/low income development grants, seems simple to me.
Bit of a stretch to say only. I know several middle class people who are renting and would be in a much better position if rent dropped and housing dropped.
Admittedly those middle class who already own a home would be affected.
Or anyone sitting on their hands waiting to buy a house… like all the young peop—oh yeah they don’t have any savings because rent went up and wages never moved.