And Airbnb. Fuck that company and the people that buy houses and use them for this. My parents live in the mountains in a popular spot for vacations and camping. Nowadays they are the only house on their entire street that isn't an Airbnb.
Unused housing should be taxed mercilessly.
And single-family homes should have a 100% annual tax on them, unless they are owned by an individual human/family (none of this LLC bullshit) who own only 1 house. Make a 6-month exception for inherited houses just so they can be sold, but otherwise just tax the shit out of them.
Make hoarding housing a liability.
I don't like the idea of US government taking the property at below market value, since that would violate the takings clause of the Constitution.
What I would be in favor of is a real estate tax that increases if a property isn't permanently occupied. Something that would encourage people to either reduce rent or unload the property.
It should be a reasonably gradual increase so that landlords aren't penalized if they can't find a tenant in the first or second month the unit is vacant. However if it's been a year they should be approaching the point of owing more in taxes than the property is worth.
Then you can take it for back taxes.
It would also discourage air b2b type arrangements, unless you own and live in the property. No more buying a house so you can rent it out for exorbitant rates.
I am a former landlord and I approve of this message. We are back in the house we rented out for 22 years after we moved across the country to a better job, in a place we didn't care for. We kept our house here so we could come back. We rented it out for 22 years at 30% or even less than market rate ($1600 a month in 2022 for a 3 bed two bath house near LA and a 10 m walk from the train) and we endured crooked and incompetent property managers, failed appliances and tenants who didn't pay rent. One became a bank robber after we evicted them for not paying rent. They could have started robbing banks earlier I guess so they could at least pay the rent. Anyway, it worked out very well for us. We are back in our house where we like to live. People and companies who buy a bunch of houses and don't rent them out to give people places to live shouldn't be able to profit from doing that.
Even if we build cheap apartments for the homeless and fully fund it with tax payer money it actually saves tax payer money and gets the homeless out of the already over stressed healthcare system.
Most homeless are in and out of the hospital for easily preventable diagnosis that is a direct result of living on the street. This would free up a bed in the ED, free up a bed in acute care if admitted, and free up urgent care and other EMT resources.
This has been studied for YEARS. We know the answer to directly solving this without even trying to fix the other systemic issues at play here.
However, having a homeless population is good for capitalism. It's an area where an employer can point to and say, "If you don't work for pennies on the dollar, you'll end up there."
Housing the homeless is a good idea, but doing it in a random, hap-hazard way is dangerous.
Govt takes over a block of brownstones, and throws a bunch of random people off the street with abuse/violence/psychological issues in them as fast as possible for six months, it's a recipe for disaster.
You have to be careful about housing people as a government, you become (at least partially) responsible for their actions. Somebody starts cooking meth on an end unit and all of a sudden you have a fire that kills 30 people.
When the govt plans housing they can take flammability, safety, and location into consideration. If you're just buying up slums to rehab, most of that goes out the window.
Why pay 40% market value?
How about this instead. If we continue to have rent and landlords, let's make a market incentive to lower prices.
Tax empty housing at a rate proportional to the advertised rental rate. Example, if a landlord has an unused unit listed for 1500 a month, they pay an empty housing penalty of, let's arbitrarily say 20%. Now they have an incentive to fill the unit at a lower price. They can no longer just price-gouge with their competitors to drive up rates. What do we do with the money we receive from those penalties? We provide housing assistance. So now the top and the bottom of the market start to balance each other out. Here's the real cool thing about this system, you can tie that penalty rate to the number of housing-insecure or unhoused people in the population. Now we can have a self-regulating system that provides an incentive to push rental rates down, but also gives low-income renters more money to rent with.
While I'm all for making it harder to just sit on housing, the "more empty homes than homeless" this, while technically true, is very misleading, and I wouldn't want to try to force unhoused folks into the empty homes without a lot more pruning.
In-demand places don't typically have much in the way of empty homes, as it doesn't typically make financial sense not to rent them out. Empty homes in places like this are generally in between tenants or on the market to be sold. Meanwhile, there are places with huge numbers of empty homes, typically because of population drain. The homes sit empty not because someone's hoarding them, but because people don't want to move to places like Cairo, Illinois.
The statistic, whilst technically true, doesn't take into account demographic and population changes. People want to live in places with vibrant economies and lots of job opportunities, and that's not typically where the huge supply of empty homes is. So we can't just redistribute our way out of this problem. Building, and especially infill in cities, is absolutely necessary in huge quantities.
Hey, I just rented my property for exactly what the council rates and body corporate expenses are. A $160 pw home. Not even a mark up to cover repairs etc, because capital gain will more than cover that. I did it because I hate what is happening in housing currently, especially for young buyers. Now my new tenant wants to delay moving in for 3 weeks, and not pay any rent during that time. /sigh....what scum I am....
Canada instantly bursting in flames
why do you hate me so?
try 100%. housing should be covered by taxes.
Do you think you provide housing? Here's a list of common signs:
If someone stole all your tools, you'd kill them, and you don't think that's weird.
Unhealthy relationship with caffeine (bonus points for other substances too)
At least one fucked-up bone or joint
There's some Liquid Nails or silicone caulk stuck in your favorite work shirt
Your hearing isn't as good as it used to be
Regular porta-shitter use
If two or more of these fit your lifestyle, you may be a provider of housing.
I think because of ex post facto, it would take 2 years at least for the housing problem to be solved in this scenario, and I don't know if handing private assets over to any particular federal government (ahem, US government) would result in the benefit to unhoused people that this comment suggests.
It is a position not to be controverted that the earth, in its natural uncultivated state was, and ever would have continued to be, the common property of the human race. In that state every man would have been born to property. He would have been a joint life proprietor with the rest in the property of the soil, and in all its natural productions, vegetable and animal. But the earth in its natural state, as before said, is capable of supporting but a small number of inhabitants compared with what it is capable of doing in a cultivated state.
(...)
Cultivation is at least one of the greatest natural improvements ever made by human invention. It has given to created earth a tenfold value. But the landed monopoly that began with it has produced the greatest evil. It has dispossessed more than half the inhabitants of every nation of their natural inheritance, without providing for them, as ought to have been done, an indemnification for that loss, and has thereby created a species of poverty and wretchedness that did not exist before. In advocating the case of the persons thus dispossessed, it is a right, and not a charity, that I am pleading for.
Obviously the system should be fixed and charity isn't a solution, but wouldn't it be cool if a wealthy person or organization or "company" just bought all these houses to solve homelessness?
