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And NIMBYs. The only reason these greedy landlords could thrive and grow so fast in the last 20 years is because not enough houses have been built. There is nothing innovative about owning real estate, if the supply didn’t dry up these landlords wouldn’t have gotten so rich because they are too dumb to actually make something that people want to buy.
And more recently short-term rentals, but I guess that's kinda just repetition.
This is preaching to the choir, the left knows this, and the right thinks they will someday have long enough bootstraps, this is for no one.
I never played much Fallout but isn't it a little ironic using the vault boy here? I thought vault-tec were the rich landlords of that universe, at least before the bombs...or something idk.
Yes and no: you're right about Vault-Tec, but if we take the TV show as canon (which I vote we do), the guy whose likeness (or at the very least thumb likeness) vault boy is based on was a left wing guy who was horrified to find out how evil Vault-Tec was..
But the vault tec boy is "one of us" irrc, or at least the ideal. Someone please correct me if I'm wrong
Yeah vault-tec was run by the wealthy elites who started a war just to give themselves more power over the new world in the apocalypse
Should be everyone can own one home, at regular tax rates. Any additional properties should be taxed at a cumulatively increasing rate to disincentive folks buying up stock for investment/airbnb.
Money raised from the additional property tax should be reinvested to build more housing.
Put rich landlords and greedy politicians on leaky boats; put refugees in their former homes.
Redistribute the 5 extra empty homes owned by each of the rich exiles for renting out and capital accumulation to the already-extant populace, and the housing problem is sorted, for at least a generation.
As for the UK, either end the right to buy or make it a legal requirement that councils can only sell social housing if replaced like for like. That would be a start.
As for nimbys objecting to any housing development (when their house was built on fields too, the hypocrites) then something like a land tax might be appropriate. The idea being that you ought to profit from improvements you made to your house yourself, but you oughtn't profit from the increase in value due to things your didn't do, like the nearby town growing in size or just the general inflation of prices due to artificial scarcity.
Also, I agree with the overall sentiment, but pretending that net immigration doesn't put pressure on housing is silly. Of course it does. Though that is only a minor effect on the overall causes of housing problems.