1273
Time to solve the housing crisis...
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 Jan 2024
1273 points (98.3% liked)
Political Memes
5484 readers
2075 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
Another way you could handle that is that any property you own after your 1st or 2nd, automatically attracts commercial property tax rates.
That should not disallow private individual to rent a spare room, or holiday home, but it will kill off the investment businesses that specialise running airbnb syndicates.
Additionally, if a property has not had a full time occupant for at least 9 of the 12 months in a year, it is subject to a wealth tax based on its value.
That should deal with the investment firms that just sit on massive stocks of empty homes and business properties, feeding off the increasing prices they are creating themselves, while adding no value and offering no service.
Taxing the owners will just cause the prices to go up to compensate, unless the tax is a very significant burden. Short-term rentals are way more expensive than long-term leases, and so they are much more profitable. A landlord can make three times as much money on airbnb as they would make on a yearly lease.
Yes, but when prices for short term leases are higher than the equivalent hotel stay, Airbnb landlords will lose money and potentially have to sell at a loss to someone who'll actually live there.
Exactly the point I was going to make, but much better explained.