this post was submitted on 05 Oct 2024
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[–] [email protected] 130 points 1 month ago (2 children)

Of course there's the best option which is an non-occupancy tax that goes up exponentially for each additional property you're sitting on for speculation.

That right there would be a hard counter to wallstreet hoovering in the housing market.

[–] [email protected] 55 points 1 month ago (1 children)

It's like you're not even considering the feelings of the millionaires and billionaires with 72 houses each and I for one just won't stand for it.

[–] [email protected] 11 points 1 month ago* (last edited 1 month ago) (3 children)

I can't wait for the "rational" peoples argument against taxing the rich. Will it be something like a slippery slope fallacy? Maybe it will be "it's unfair to thoses that only just recently got rich." I'm thinking though they will go with, "it's not going to make a meaningful difference" then try and sell us trickle down in some new way.

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[–] [email protected] 19 points 1 month ago (5 children)

That on top of a tax that is highly progressive after x number of properties, regardless of occupancies.

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[–] [email protected] 74 points 1 month ago (1 children)

"Kill 3 kids and bulldoze the neighboring nature reserve (it won't give us more chairs, but it'll feel good)"

[–] [email protected] 12 points 1 month ago

its called a nature reserve because its a piece of nature thats reserved to be used as a golf course in the future

[–] [email protected] 69 points 1 month ago (6 children)

Neither choice is great. One is evil.

That 25k quickly becomes "oh, everyone had 25k more so we can charge 25k more".

Don't give rich house builders tax breaks, they're the ones causing the problem by deliberately not building enough. You're the fucking government. Build houses yourselves. Rent them through social housing programs.

[–] [email protected] 41 points 1 month ago (1 children)

dont allow corporations and billionaires to buy thousands of flats

[–] [email protected] 13 points 1 month ago (1 children)

Yeah, that too.

The precious "free markets" have had their crack at it, and have shown that they're not to be trusted to either own or build them. Prices have soared and that's 100% intentional on their part.

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[–] Rekorse 20 points 1 month ago (1 children)

25k is for first time home buyers, not everyone. You can't have separate prices for first time buyers and the rest of the public, and a seller won't know how you are financed until after the house is listed anyways.

This absolutely will help, because if you'd just ask anyone trying to get a home, the down payment is the hardest part to satisfy.

The only way a house cartel can form like this is for those that own the homes. The builders don't own the homes, corporations do. Those corporations collude and price fix to create a cartel. Focus on that.

[–] [email protected] 9 points 1 month ago (4 children)

The UK had a similar scheme for first time buyers and it's often cited by economists as one of the biggest things fueling their housing crisis.

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[–] [email protected] 17 points 1 month ago

The builders have made the 16 million empty homes in this country because they were just selling them to corporations. It's not that they are not hiding enough, it's that the rich have engulfed the entire pipe with their gluttonous mouths and there is nothing left for the rest of us.

When will we finally slay the beasts that are killing us?

[–] [email protected] 17 points 1 month ago (1 children)

I've started to come around on the 25k down payment assistance. It definitely has it's problems, and there will absolutely be those who gouge because of it. But because it's specifically down-payment assistance it will still help first time buyers get mortgages on houses they can afford the regular payments on, but don't have the extra to set aside for a 10% down payment because rent is taking everything they could be setting aside for a down payment. And it's limited to first time home buyers, with 2 years of on-time rent payments, and says "up to" 25k. Wouldn't surprise me if it ends up being limited to 10% of the purchase price (which gets you more favorable loan terms).

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[–] [email protected] 9 points 1 month ago

It's not that they aren't building enough. It's that they are building big luxury homes because there is a bigger profit margin than making affordable homes.

[–] ryathal 8 points 1 month ago

Most builders are already fully booked for work. The one's that could work faster generally aren't the ones you want building your house.

[–] [email protected] 49 points 1 month ago* (last edited 1 month ago) (1 children)

thinking that homeless illegal immigrants are the root cause of home shortage where a single corporation or a billionaire buys thousands of flats to rent them to people for exorbitant prices.

in one way it works because if you kick out many homeless people out of the country, you can say that in one year you cut homelessness by half.

[–] Rekorse 7 points 1 month ago (1 children)

Thats currently already done with jail. The main problem is homeless people don't pay their jail bills. In my state 15 years ago it was 30$ per day you had to pay to be incarcerated in jail, not prison.

[–] [email protected] 21 points 1 month ago (2 children)

Okay america is sounding more and more like a joke. You have to pay to be in a processing facility? When you have no choice. And you’ll be incarcerated there during trial so before you are proven guilty of anything.

[–] [email protected] 11 points 1 month ago (1 children)

Fun fact! The Constitutional amendment that outlawed slavery also legalized slavery!

Yeah! And until right now, this very minute, as you're reading this, some Americans didn't know that.

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[–] [email protected] 43 points 1 month ago (1 children)

Quick reminder: The Nazi German government emptied out Eastern European towns and villages taken by the Wehrmacht during various campaigns, most notably Operation Barbarossa, for resettlement of "pure" Germans to those occupied lands (called Lebensraum)... this started almost literally once these occupied towns and villages were far enough from the front lines. Also, the whole point of the US Government's genocidal forced march of native tribes, often referred to as the Tail of Tears, was to clear said native tribes out so the Southern aristocracy could seize the land for plantations worked by chattel slaves... whole swaths of what is today Florida, Georgia, Alabama, and Mississippi were settled by whites as a result.

Many a "populist" (read: Fascist or proto-Fascist) operate their politics in this manner. Promise either cheap land (or, at the very least, housing) to the workers and others by committing what is, on it's face, a genocide. There's more modern examples (two in particular, going on right this minute for all the world to see), but I don't want to get the ban-hammer so I won't name them directly (I forgot to check the instance in which I am commenting before doing so, but not taking my chances).

[–] [email protected] 19 points 1 month ago (9 children)

Additionally, "Mass deportation" is a fucking genocide, I don't know how this can even be said loudly. Guess people never learn...

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[–] [email protected] 43 points 1 month ago (1 children)

Donald John Trump comes from a family of real estate speculators.

Akira Toriyama once said he based the character of Freeza on Japanese real estate speculators, who he called "the worst kind of people." (Source)

Am I saying Trump is Freeza? No, Freeza is several orders of magnitude more competent on his worst day than Trump was when he peaked in 1951. But I think it's important to underline, for the people in the back, what level of cartoonish evil we're dealing with, because for some reason people will read stuff like this and it won't sink in. Maybe DBZ will help.

I don't know. I'm tired, y'all.

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[–] [email protected] 41 points 1 month ago (1 children)

So the mass deportation would be of lawful alien residents, because undocumented residents cannot buy houses unless it is straight up cash, and even then would have a hard time getting insurance or utilities, you know, without a SSN, credit history or IDs. Unless they use a stolen SSN, which is very difficult and rare.

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[–] [email protected] 36 points 1 month ago

Immigrants own Chase Manhattan?!!?!

Damn, lern somethin' new errday ...

[–] [email protected] 33 points 1 month ago (12 children)

If they really wanted to change regulations they'd push changing zoning regulations in cities to allow building anything other than detached single family housing. That would be totally reasonable and help alongside tax incentives. But I have a feeling that's not what's meant by changing regulations...

[–] WolfLink 32 points 1 month ago

They said “making federal land available”. I take that as they want to sell off land in places like national parks to be developed.

Which, needless to say, is an awful idea.

[–] [email protected] 9 points 1 month ago (1 children)

I thinks that's one of those state's rights things where federal government can't just tell a town how to zone it's own land unless they're taking it away from the town like for a national Park or something.

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[–] [email protected] 32 points 1 month ago (7 children)

I hate any financial assistance that doesn't address the root cause, because all it is at that point is more tax and wealth transfer to the rich.

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[–] [email protected] 31 points 1 month ago (3 children)

$25k down payment assistance where one bed one bath houses are routinely nearly half a million is a joke tbh.

[–] [email protected] 27 points 1 month ago* (last edited 1 month ago) (4 children)

Honestly I really don't think that's effective either. Giving people more money to buy something generally just means the market will respond by charging more money for that thing. The assistance will effectively get "priced in" given time.

It's honestly the weakest part of the Harris/Walz platform for me. Trump plan is utterly insane top-to-bottom though, and they're just using immigration as a scapegoat here, which is... something.

[–] [email protected] 10 points 1 month ago

Makes sense to me. 25k is an incentive to buy a home, not an incentive to build one or sell one.

Make owning multiple homes more expensive. Fine landlords for unfilled housing, and make the fine is proportional to maximum advertised rate for the unit. Now they have an incentive to keep their units filled, and keep from jacking up rent.

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[–] [email protected] 7 points 1 month ago (4 children)

That's not everywhere in America. That's not even most of America.

And while it's an interesting discussion, it's not the point of the post.

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[–] [email protected] 30 points 1 month ago* (last edited 1 month ago) (2 children)

I'm curious how many houses/apartments are unused in the US, acting as a speculative asset and if building more is even necessary.

[–] transientpunk 13 points 1 month ago

Building more is necessary if the available housing is not located where appropriate employment is located. Thus, the gross number of available homes isn't a good metric to use for determining the actual need for new construction.

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[–] [email protected] 20 points 1 month ago (1 children)

As usual, the blue choice is obviously much better than the red choice, but only in comparison to this bat shit crazy red choice. On it's own, the blue choice is still rather bad.

I'm starting to think that Republicans just exist to make the bad Democrat options look always better in comparison.

[–] [email protected] 18 points 1 month ago (4 children)

If you have one side that is pushing into the crazy territory really hard, the public discourse will change and shift in a way, that a moderate position will be perceived as extreme. https://en.m.wikipedia.org/wiki/Overton_window

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[–] [email protected] 19 points 1 month ago (1 children)

They ban abortion and then don't want those babies/future adults housed. Classic.

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[–] [email protected] 19 points 1 month ago (9 children)

I have one "weird" and "radical" proposal: public housing to rent. Not to but. At affordable price. That would lower the price of every house, flat, ...

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[–] [email protected] 16 points 1 month ago* (last edited 1 month ago) (10 children)

The worst idea is ever giving down payment assistance. Government subsidizing actual builders, sure, but free money to property owners just increases the price to meet supply and demand and goes right into their pocket. It actually increases home prices. Extremely stupid.

[–] [email protected] 23 points 1 month ago

This is just to first time home buyers, not to anyone buying a house

[–] [email protected] 20 points 1 month ago

Of the four ideas that are listed on this picture that's the one you gonna go with for being the worst?

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[–] [email protected] 16 points 1 month ago (2 children)

The only thing proposed that's reasonable is "changing regulation." It's too easy to block new housing, and often times it's just flat out illegal to increase density or build mixed use.

[–] [email protected] 7 points 1 month ago (10 children)

But those regulations are largely controlled by local governments, not the federal government. Federal regulations can prevent building new housing in certain areas and conditions (like destroying habitat of an endangered species), but that is much rarer than a city council not approving projects or zoning changes because they want to keep property values high.

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[–] [email protected] 14 points 1 month ago (3 children)

Public Housing broski. Take a look at Vienna for example.

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[–] [email protected] 14 points 1 month ago (1 children)

The US has a population density of 33 people km2, But "Massss deportation!"

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[–] [email protected] 12 points 1 month ago (7 children)

Down payment assistance is just going to drive prices up.

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[–] [email protected] 9 points 1 month ago

But both parties are the same? Right? RIGHT?!

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