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Why is the for profit house building industry involved in solving the problem they had a hand in making?
Reform the CPA and just build ourselves. Or use the army core of engineers. They are getting paid either way.
Non-profit / below market housing is crucial. Without it, the people who actually keep cities functioning and interesting, service workers, artists, etc get pushed out.
I have a career that enables me to pay a lot of money for housing but I don't want to live in a neighbourhood that only consists of people like me, cause I'm boring as fuck. I also don't want to be part of the reason those people get displaced.
More social housing now!
Don't be stupid. How else an I going to make money by doing nothing? Get a job? That's for people who don't pull themselves up by their bootstraps!
I pulled myself up by my parents bootstraps.
See, this guy's knows how to make money, unlike the rest of you pleps...
Raise property taxes 500% for property that is not registered as the owners primary residence.
That should do it
The solution is to build more housing where people want to live.
Don't get suckered into their blame game. This just results in everybody pointing fingers while the prices continue to soar.
Prices only go up because there's competition to buy them.
Tax and other policies encourage the parasitic behavior.
A few? How about just 1.
Bob should be paying 200% property tax on the 2nd house
Bob is not the enemy, Bob is a lucky retiree.
Berkshire Hathaway and their 500k rental properties, are the enemy.
Both/neither of them are the enemy. The enemy is the system that allows anyone to profit off owning homes.
To be fair, everyone doesnt want to own housing all rhe time (say you study somewhere for a year for example, you might want to rent. Or when you try out anew city) so some landlording is needed. We don't need landlords having lots of homes though.
Landlording should never be done for profit. Socialize the fuck out of it. My water, electricity and healthcare is socialized, why do parasites profit off my home?
Profit, profit, I'd say reasonable profit and mandatory standards.
For example, when I lived in sweden I knew a landlord, he was stopping because you beeded around 50 appartments (might be inflated from his side, but in many countries you can live off of 2 so ...) to make a decent salary.
In sweden you cant rent out a shitty appartment, you cant set the rent as you like it, and youre taxed etc. etc.
I mean it should be like a normal job, not granting you robber rights.
This problem does not have a single solution. Get rid of landlords and you're still left with a large group of people fighting over a limited supply. Better zoning laws, removal of parking minimums, better transit + micro-mobility infrastructure, and more below market not-for-profit housing.
It's not a simple problem, even if the motives that created the problem are.