Wutangforemer@lemmy.worldtoNews@lemmy.world•New Legislation Proposes to Take Wall Street Out of the Housing Market
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1 year agoThe solution is to make hoarding rental properties an unattractive investment. Put an escalating tax on owning multiple residences. If the 5th property is at 40% tax every year it’s no longer a money maker in a competitive market. Put the money towards tax rebates for single mortgage interest. Now you have buyers back in the market and landlords looking to sell.
Fuck building bridges. Everybody start digging a graveyard for the things that need to die.
https://m.youtube.com/watch?v=ZBAQFzMKpdA