this post was submitted on 10 May 2025
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Lemmy Be Wholesome

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[–] themeatbridge@lemmy.world 154 points 2 days ago (3 children)

Funny story, we actually have enough housing for everyone. It just isn't always where people want to live, and corporate landlords would rather leave a space vacant to drive up rents than make all of their inventory available, so there is a shit ton of residential (and commercial) property that is basically abandoned.

[–] Ferrous@lemmy.ml 110 points 2 days ago* (last edited 2 days ago) (2 children)

Some estimates say there are as many as 12 vacant homes per homeless person ~~this country~~ in the United States.

Edit: millionaire in OP is from Canada

[–] AngryCommieKender@lemmy.world 17 points 2 days ago

Last estimates I saw before the pandemic had the rate above 30:1. I haven't looked since then, but I'm certain it's only gotten worse.

[–] NocturnalMorning@lemmy.world 11 points 2 days ago

Yeah, we were gonna do that anyway. After covid, I lost faith in humanities ability to be decent.

[–] Landless2029@lemmy.world 37 points 2 days ago (1 children)

What we need is tax on vacant property. Make it a ladder system so its worse based on number of vacant units and value.

[–] themeatbridge@lemmy.world 19 points 2 days ago (1 children)

And eliminate corporate ownership of residential property. Tax the shit out of anyone owning more than three residences, and bring property values back down to earth. Bail out homeowners who owe mortgages for more than the value of the properties, and let the market self-correct.

[–] Soggy@lemmy.world 10 points 1 day ago (1 children)

I'd go so far as to attack the idea of a corporation. Letting a business own property or act as a liability shield for human choices is clearly bad for society.

[–] bobs_monkey@lemm.ee 6 points 1 day ago (1 children)

It goes both ways though. I have a corporation for my contracting business to shield possible frivolous lawsuits from unscrupulous people. I do my best to screen clients and not work for wackos, but that's not necessarily enough to protect myself and family.

[–] Septimaeus@infosec.pub 2 points 1 day ago* (last edited 1 day ago)

Same. Different entities for different concerns keeps each siloed WRT finance and liability. But that should have no bearing on what I believe is true.

TLDR: Thomas Jefferson asked us to “crush” them. Better late than never.

Corporate entities in the USA are out of control and absolutely must be reigned in at every level of government. Their overreach is not a new problem. Thomas Jefferson said it had already begun in a letter from 1816:

I hope we shall take warning from the example [of the lawless English aristocracy] and crush in it’s birth the aristocracy of our monied corporations (emphasis mine) which dare already to challenge our government to a trial of strength, and to bid defiance to the laws of their country.

Spoiler, we didn’t. We just let them bribe legislators to change the laws so they no longer even had to defy them. And of course a few of the largest corporations recently purchased the republic outright for a relatively paltry sum, as if it were a startup acquisition.

It’s obvious to anyone who owns corporations that they make nearly everything easier. So much about the economy and government has been hugely optimized for them, while the real flesh-and-blood citizenry experience greater friction year over year.

Edit: TLDR because no one reads walls of text

There's also the fact that many of those houses have sat vacant and have been left to rot for many years, meaning that plenty of them need to be demolished and rebuilt before they can be lived in. Small towns have been dying for decades as suburban sprawl consumes ever-increasing amounts of land and bleeds our cities dry of tax revenue, forcing them to continue making more suburbs to pay off the previous ones.