pretty sure this would lead to some sort of economic crisis
And? We’ve already tried it the other way around, and we’ve really got nothing to lose at this point by trying OOP’s idea out.
My take?
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corporations aren't allowed to own land or houses other than the office space and production facilities.
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people can only own the buildings they live in (with proof of living there at least X% of the year)
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The state takes over all houses and land that become unused by these laws
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The state rents out their property as 'rent to own', or as housing for the homeless
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you could honestly make every apartment cost 100 dollars and no one would actually get affected
Those who own the land and go ape shit over their value don't even take advantage of it and sell it off, more often they just die and have their kids inherit it, and the landlords who benefit from every type of inflation in real estate
of course this assumes every housing unit is owned and managed by the government, and these themselves are incredibly successful even if they only have 10% of the real estate market
For me personally I’d like a 50-60 square meter apartment for no more than 2x my annual income. And I’d like to be able to get a loan with a monthly down payment equal to whatever I’ve been paying in rent for the last couple of years.
I can pay 12500 NOK a month in rent, but for some reason the bank can’t trust me to pay the same amount if I were to buy an apartment? Fuck that.
Then this is my take:
- no taxes on first home
- some tax on second home
- taxes on any home past the second grow exponentially, doubling for each additional home
- order of the homes is always from less expensive to most expensive
- same is valid for companies
- for companies owned by other companies, all the houses owned are considered as belonging to the mother (root) company, so there's no "creating matrioskas to that each own a single house"
Obviously offices and factories are not habitable space and therefore not counted in this system.
We need non-profit public housing that is suitable for middle-class families.
Non-profit doesn't mean "free" or that money is being lost, just that the goal is to provide housing at cost rather than profit-seeking. Subsidies and such would still be available for low-income households as needed.
No one who owns a home would vote for them. It's not in their self interest, if they spent 300k on a house and this happened, they would lose ~300k. Not worth it at all. A much better idea would be to just have tax breaks for contractors making new homes, that would lower the value of everyone else's homes, but by a lot less.
Just ban being a landlord guys. Tax owning land that you're not using out of existence. Rent/leases are simple vectors of wealth transferal - they move money from the poor to the rich. Everyone should own their own flat/house. Every business should own the space they work out of.
There is no good reason housing should be an investment vehicle akin to a stock or a bond.
It should be locked at 50 cents per square foot. So a studio apt would be like $500 a month. Its close enough to what prices were in recent memory before the insane jumps in rent cost the last decade.
On one hand, yes this would hurt a lot of people and corporations. On the other hand, we're already hurting, so fuck it.
Well I guess he could gather an army and open the portal to earth from hell?
my second order would be sending you to hell
Well, buddy...
Nothing actually. That would work fine. If it was handled in good faith.
This guy's giving me Robespierre vibes.
