In this country money WINS and people LOSE. Where have you been?
Trying to live in America’s most populous state, Denial.
to the surprise of … nobody.
Three things would be great for this.
- Residential property can only be owned by individuals or a family. No businesses, LLCs, or loopholes.
- Insane tax on any additional houses that makes renting not profitable and owning not feasible. Tax scales exponentially with additional properties.
- Must be an domestic citizen to own property.
I’d be okay with slightly elevated taxes on one additional property. There’s room for some luxuries and if the rest of the above happened, there would be plenty of houses available for purchase to those interested and pricing would normalize. There needs to be something carved out for multi family homes or whatever for rent options.
They want your shelter, your air, your warmth and your food, then comes the boot on the throat.
If you drive a car, I’ll tax the street
If you try to sit, I’ll tax your seat
If you get too cold, I’ll tax the heat
If you take a walk, I’ll tax your feet
Taxman!
Surely there will be no consequences to these events!
Look to Australia, there is possibly no more fucked up housing market thats celebrated as a good thing by its mortgage and rent slaves…
Canada.
Yeah. The job market is abyssmal, the wages are shit and the house prices are stratospheric.
Don’t worry, AI will solve all those problems, and more!.. by crashing all the markets and forcing governments to actually deal with their problems. While everyone else suffers the fallout of an economic collapse like nobody’s ever seen before, same as the last 4 times.
No way?! You don’t say. I wonder if that’s why housing prices have skyrocketed as “people” bought and sold properties like a commodities exchange?
