251
White House opens $45 billion in federal funds to developers to convert offices to homes
(www.marketwatch.com)
this post was submitted on 27 Oct 2023
251 points (98.5% liked)
politics
19106 readers
3443 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I said it elsewhere and I will say it here.
We simply need an exponential multi home tax that has no loopholes, like turning every home into its own business entity. Any home that is owned in any part by someone that already has a home should double in tax rates for both homes. If they own 3 homes all three should double again. There should not be any cap to this figure. Taxes should eventually cost more than the home itself. If you have the money to burn, good, you should be putting it back into the community you underpaid and abused when you collected it from them in the first place.
One home for everyone before anyone gets a second one.
Unproduction is an even bigger deal, that's exasperated by corporations buying up homes. We've been behind on home production (due to lack of federal support in home production, as well as zoning) before Covid. During covid, materials prices increased and home production dropped considerably. Does that mean we shouldn't tackle the fact that in the US buying multiple homes is a good investment? no. But making an effort to deal with the housing supply issue is very helpful. https://www.businessinsider.com/us-underbuilding-housing-over-the-past-decade-2020-9?op=1 https://www.npr.org/2022/03/29/1089174630/housing-shortage-new-home-construction-supply-chain
Yes and no. The problem isn't just these corps buying up houses and renting them out. Everything, even corporate greed must follow the supply and demand model. It DOES NOT MATTER how much landlords own the building if there is no demand.
Case in point, China overbuilt homes. There is literally 4+ homes available PER PERSON in China(calculating average sq/ft per home). The homes are literally pennies and the homes are all empty.
So while I agree that there is a problems with corporate greed, the majority of the problem is the supply. You increase supply, pricing comes down.