Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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The Stop Wall Street Landlords Act has been introduced in Congress by Rep. Ro Khanna. The bill would raise taxes on the purchase of single family homes by private equity and corporations. (www.notus.org)

submitted 1 month ago* (last edited 1 month ago) by SeattleRain to c/housing_bubble_2

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[–] kitnaht 15 points 1 month ago* (last edited 1 month ago) (1 children)

I'd like to see ongoing tax hikes for unoccupied homes. If you don't get a renter in there, or you don't sell it, you pay. Put an end to these corporations buying up large swaths of America during a crisis and then sitting on the empty houses because they can afford to.

[–] RunawayFixer 6 points 1 month ago

Many countries have this problem, not just the us. There's a few places where they are trying a vacant home tax, like France and Vancouver.

One good thing that France does, is only apply the tax in towns where there is a actual housing shortage, otherwise it would probably end with people tearing down empty homes to not have to pay taxes on them.