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Until we actually remove republicans and republican lites from the legislature I highly doubt we'll see any progressive tax reforms, like actually taxing the rich. You could probably find more support for expanding house buying programs. Stuff like lowering the down payment requirements, and or give a large grant for a portion of the house value if it is high and it could be clawed back at sale.

The problem right now is one of supply and demand, not because corporations are buying up too many properties. It's the other way around where corporations are buying up properties, because due to not increasing supply, and demand continue rising, it's a good investment.

We need more high density housing all over the place. I live in a nice little town right outside a large US city. We have a train right into the city, and a nice little downtown area that could certainly use more business. They have been trying to put up apartment buildings, but the NIMBY-ism is through the roof. It's like every little attempt to add more housing, people start whining to high heavens how it is killing our "small town" feel. I mean, I get it, I moved here for a reason, but something has got to give.

I can only imagine what's happening in more rural areas where everyone wants their big lots and single homes.

So I don't really oppose increasing taxes per home, but I don't think it's really going to solve the issue of increasing home prices as that's not the root of the issue.

Personally, I'd prefer a monthly fine for unfilled housing, that is based on the rate you are charging for it. Landlord wants to jack your rent up 20%? If you leave, they pay a fine, based on that amount until they fill the unit. The fines go to subsidizing housing costs, so there is a self-balancing system. Right now, with property values increasing at insane rates, owners don't really need to rent to break even, which leaves them free to price gouge their tenants. There is little pressure pushing rates back down, and there is all the freedom in the world to jack them up as high as you want.

It's already like that where I live. It's called the homestead exemption -- property taxes are cut in half if it's your primary residence

How would people here feel about a tax that increases in rate per-property owned?

That's functionally how the homestead exemption works already

they’re going to be taxed so much it’ll be impossible to profit off of them.

I would simply start a PAC with all my extra money and bribe/coerce politicians into reducing the tax rates.

Why is the for profit house building industry involved in solving the problem they had a hand in making?

Reform the CPA and just build ourselves. Or use the army core of engineers. They are getting paid either way.

Raise property taxes 500% for property that is not registered as the owners primary residence.

That should do it

Don't be stupid. How else an I going to make money by doing nothing? Get a job? That's for people who don't pull themselves up by their bootstraps!

No. You make it so that they cannot hold single family dwellings period unless for the purpose of listing and selling them to non-corporate individuals.

they'd just make nesting doll structured holding companies with all profits going to the top but any losses being contained within each branch

actually this sounds like a great idea BRB gotta register some LLCs in Delaware

Indeed. Nothing about this addresses rental markets and general extreme cost of living. Rather, it finds new ways to prop up severely overvalued housing markets.

Housing costs are so high because it’s become an investment over a necessary place for a human to live. A correction is severely needed and long overdue, but the government works hard to keep values artificially high from zoning laws at the bottom to preventing corrections at the top.

That's just the ruling class acting blind, disguising as a neutral news source

Correct. In capitalism one must profit off the necessities of life.

Also, when you buy a house, the cost of the mortgage is locked in...assuming you don't do an adjustable rate mortgage which were never designed for long term homeownership.

Ban corporations/private companies from holding empty residential housing. Problem solved. Not complicated

Who passes this law? Who signs it? My municipal and state governments are infested with real estate agents landlords, attorneys, and bankers, all of whom profit from artificially scarce housing.

It's a national problem, but policies that affect housing are mostly local. So you need to override local control with state/federal policy, or convince a 50,000 municipalities to change their laws.

And the few states that have passed reforms for zoning, etc. are getting sued to shit in court by the city/towns.

This problem was 50 years in the making, it would take more than 50 years to fix.