I bought a house about six months ago. Kinda feeling like a mope now though because it looks like they want to make it impossible to evict anyone ever again, so I could've rented a mansion until it fell apart for a lifetime cost of just the first months rent plus a security deposit.
(Seriously, I predict renting is about to get a lot more expensive and harder to access for people without steady jobs. Basically lots more people are headed to the projects---or the streets. 🙁)
@harding
Replacing a progressive income tax with a progressive #landTax might help *wink
Progressive means it goes up based on the amount of #rentalValue land one owns, regardless of whether it is rented on not.
@dsfgs my US state has progressive real estate taxes, that doesn't solve the problem of nobody wanting to rent to people who aren't required to pay.
@harding@hash.socia
Good, does it start at 15% of the yearly #rentalIncome and go up to 50%. That ought to flush homes into people's possession (rather than the ownership of #privateEquity such as BlackStones etc)
An #emptyHomes policy might come next but they are more complex. We understand #localCouncil's are better positioned to deal with empty homes issues.
