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A vacant property tax would help with this.
Exponential increase for each and every additional unit (house or apartment) vacant for more than 3 months (without undergoing active, actual remodel with a set end date for the work) in a given year.
Oh no, not enough people for every unit to be filled? Bummer, better divest starting with single family structures!
Edit: actually, now that I think more about it, I see absolutely no reason we shouldn’t just hard cap the number of housing buildings any one company or individual (no shell companies and whatever bullshit loopholes) can own if they didn’t originally build them. Let’s say 200 multi-family (apartment) buildings or 10 single family buildings. Anything more than that must be sold for whatever the market is willing to pay. Too bad, so sad if you lose money on it, that’s the risk landlords are always telling us they take.
Nobody needs more than that, at all, because housing shouldn’t be a commodity to profit from, and if they want more buildings to profit from, they can build them instead of just buying it as a
leechinvestment. Fuck companies who treat everyone like shit for profit.How about a 1% tax on every extra home you own. Still allows the millionaires to have their second homes in florida or whatever, but makes it impossible to earn money after more than a few extra houses.
Nah, too low, doesn't snowball quick enough, and being rich doesn't entitle you to extra housing when we have a shortage. Double the property tax every time, at the federal level. The prime home has normal tax to the county. The second and beyond homes have extra taxes owed to the IRS. You can also sell to the government for half price at any point you declare yourself unable to find a buyer for an extra home.
This gives the government land to construct denser housing and sell it at cost.