Anonymous #1 3w

Investors are not the same as corporations. No one should own multiple single family houses for profit. Corporation or not the number of owners with 1-9 units using properties for rent should be 0.

5

Anonymous OP 3w

Oh no, retiree’s that own 3 properties instead of having a 401k? How could anyone support this?

0

Anonymous OP 3w

Without rental properties the price of housing would skyrocket. There is an abundance of economic literature on this topic.

0

Anonymous #1 3w

Senior Citizens are buying more houses than millennials and Gen Z combined. You are licking the boot of someone who doesn’t give 2 shits about you. Single Family homes should be owned by single families. Period. If you occupy a residency for more than 25% of the year you can own it. that’s perfectly fine. You can’t rent it, airbnb it, or do anything else with it. It sits empty. If you don’t live in it for more than 50% of the year you should pay vacation home tax on it.

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Anonymous #1 3w

Rental properties are prevalent and will never leave. They are called apartments. What makes you think economist who literature is written by people who own rental properties isn’t biased in any way? Hey guess what. Private single family home prices can’t sky rocket if they aren’t owned by people who don’t occupy the residence. Crazy idea huh. Or how about this a % based tax on the home owner selling the house. If you sky rocket the price your taxes increase at an exponential rate.

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Anonymous OP 3w

Younger generations are much more mobile and it makes more financial sense to rent if you don’t plan to live there long term. Restricting the supply of housing like you’re suggesting will only make housing more expensive.

0

Anonymous OP 3w

Everyone is biased, but these are arguments based on data. Once again, you’re suggesting restricting the supply of housing which would just make housing more expensive

0

Anonymous #1 3w

Taking out a loan to buy a house at 2,000 a month with the ability to own it will always be better than renting that house at 2,500 a month. and may i say the magical word again. Apartment. If you can not or don’t want to buy a single family home. Apartment. Coop housing. there are many rental unit opportunities you have. You should never be renting a house. If you want a single family home, you have to buy it, pay the monthly payment, and sell it when you’re done.

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Anonymous #1 3w

how is it restricting when you are preventing people from owning homes they don’t live in? You are quite literally opening the market. Supply and Demand. Supply goes up demand stays the same. Right now the supply is low, demand is high. It’s literally basic economics but bias and alternative motives have completely washed out every sense of logic here. It’s not nuanced. The only people that are telling everyone it’s nuanced are the ones that own the properties

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Anonymous OP 3w

You’re taking an extremely short term view. If you tax home sales you are going to 1.) discourage current owners from selling. 2.) discourage new construction.

1

Anonymous OP 3w

No it will not, you’re not considering closing costs, risks, or the importance of liquidity.

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Anonymous #1 3w

okay yes that is a good point, you are finally making sense. I want you to come up with something now to open up the housing market for people that want to buy houses that are forced to rent from stingy landlords charging over 1,000 more than what the property is worth. You got a lot of options. Landlord tax, my vacation home tax idea, rental limits based on property value, rental limits based on similar properties. What do you have

1

Anonymous #1 3w

all of which are things landlords talk about. “closing costs” landlord. “risks” landlord. “importance of liquidity” landlord. The home owner should NEVER be the priority unless they live in the house. landlords are bottom consideration. Squatters should have more rights than landlords. You should not be able to profit off shelter. Sure if the home is nice and you put a lot of work into it, but it renovate it and sell for a profit. be my guest that’s sick. that involves cost and risks.

1

Anonymous OP 3w

Mimic Japanese housing policy. Get rid of restrictive zoning, nonsense historical zones, reform nimby laws, streamline permitting, stop treating housing like an investment under the tax code, etc

1

Anonymous #1 3w

I’m not educated on most of those enough to know if it will truly help so if someone else came in. To me that’s a lot of different things. I think just taxing the shit out of landlords and people buying empty homes with no intention of living in it works great.

1