I get your angry, but your comment about housing prices crashing is going to fuck over so many good hard working people that bought houses in the last 5 years. You would subject those people to holding hundreds of thousands of dollars in debt (say if they had to move for work); just to satisfy your need for revenge?
Rental income is taxed at 100%, FYI.
I think carrot works better than stick. Instead of punishing everyone who made an investment, and spending god knows how much money to enforce it, just offer a one time capital gains exemption on any investment single family dwelling that has rental income for more than a year. But make that exemption dependent on the sale going to someone who doesn’t already own a home. (No landlords scooping up extra properties) this puts sellers in connection with buyers and since the seller is getting a big payout they can do the extra leg work. I bet many of the properties get sold to existing tenants.
The government gets an easy cost effective way to free up supply, and it doesn’t actually take money out of their pocket. (Just removes future tax income). Limit the program to no more than 3 years. Anyone who is a casual landlord will jump to get out. Boomers in retirement will jump at it as they will have owned these properties for years. This will free up supply in months, not years. Everyone I know who owns rentals that I discussed this with said they would sell if they could avoid capital gains.
That’s my $0.02. FWIW
Yeah, honestly I think the estimate may be low, or perhaps white the death toll is not what is expected the actual quality of life is going to take a huge bit.
Yeah. Don’t blame people at all for not having kids. Frankly the planet probably needs less humans.
27,000 deaths a day approximately. According to the WHO 150,000 people die every day right now. 385,000 people are born every day. I mean it sounds bad, but in this context it doesn’t sound that bad…
I’m a land lord, did exactly what people say we all did. 15 years ago I bought two 200k homes for 30k each (30k was the down payment) the houses are worth over 600k each now… they are an income plan for my kids so they don’t have to necessarily worry about taking a better paying job instead of something they want to do. Probably a little naive now. But I run the houses at a bare minimum profit just so the government won’t come after me due running a loss on my taxes. I have raised rent only enough to do that. I pay for a property management firm to take care of the properties so that the tenants have 24 hour response to issues. I’ve had the same tenants for 12 years in both properties. Every 4 years or so I have one of the rooms that the tenants want renovated. It’s a right off so doesn’t costa fortune ava the house gets slowly updated. Not every landlord is an asshole. Some of us play the long game without screwing people. But I realize that I am part of the problem. I am part of the reason for less supply in the market. But selling my properties will make my children’s lives less secure and I’m not willing to do that. So i do partially deserve some of the blame.
Edited to add down payment info.
Yeah, that one is well known. I was trying to figure out how they made that work with rentals, which don’t have that exclusive.
How exactly do they get it tax free due to principle residence exemption?
What the hell does “stump” mean in political context?
Benadryl.
You’re going to have to explain how purchasing and using software that is completely voluntary takes away any freedom from anyone. It’s literally just a ui wrapper with different visuals and functionality that some people find useful enough to pay for. Entire legions of people protested the removal of these apps from Reddit. Nothing is free, the concept of that is broken.
Being slightly ignorant to the politics of this, what is motivation for Russia to do this? I realize it will harm Ukraine financially, but will that really affect Ukraine’s war machine as it’s dependent on Western support already? Won’t this just galvanize the West to continue to support Ukraine to re-establish grain shipments?
I’m a sync ultra user. My sense of superiority is only eclipsed by my ignorance of what FOSS stood for. But seriously use what you like. I just want lemmy to grow.
Can I ask, what the heck is FOSS?
I agree with you about the pricing. Interest rate hikes should have provided the cooling off period to slowly bring prices down. But we don’t have the supply to allow for a buyers market to take over. I watch coworkers who are late twenties and early thirties signing $900,000 mortgages. They are desperate. So the small number of people who can actually afford homes are taking the small supply even at these interest rates. I made a post up earlier about a way to free up supply, which of course was met with more anger. This whole situation sucks.