Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain@lemmy.world

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Hey wait a minute, then why are prices so high. (lemmy.world)

submitted 10 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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[–] SeattleRain@lemmy.world 14 points 10 months ago (1 children)

What difference does it make. If no one's in it, it's not making money, yet real estate is still priced like every SFH can get 3k in rent.

[–] reddig33@lemmy.world 21 points 10 months ago (1 children)

That’s what occupancy taxes are for. If it is taxed for every month that it’s empty, it’ll get sold or rented.

[–] jonne@infosec.pub 12 points 10 months ago* (last edited 10 months ago) (1 children)

Victoria has introduced a tax on vacant homes, but they're finding it hard to enforce in practice (there's really only a bunch of indirect indicators that you can rely on, stuff like census date, electricity use, etc), and it turns out that the bastards that would just leave a house empty have no issue with not declaring this.

[–] Isoprenoid@programming.dev 2 points 10 months ago

Land Value Tax solves this problem.