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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] Fedizen@lemmy.world 2 points 1 year ago (1 children)

There should also be taxes on rental properties beyond the first to prevent the "hoard and rent" cycle

[–] chicken@lemmy.dbzer0.com 2 points 1 year ago

I disagree, because that would disincentivize housing. I think the price of housing is mostly just a function of how much of it is on the market. Wealth inequality is also a problem but should be addressed in other ways.

As an aside, the tax should also apply to commercial real estate so there is an incentive to convert offices to apartments.