Lock in current prices and say that if anyone wants to sell in the next 10 years, the government will take the purchase at current market rate.
Then do every single thing possible to completely crash house prices.
Oh and limit home ownership to one per person so people don’t use the opportunity to sell their existing house to the government and buy two or three more in the crash.
This is probably a bad idea for some reason, I just made it up right now.
Oh and limit home ownership to one per person so people don’t use the opportunity to sell their existing house to the government and buy two or three more in the crash.
Eh even Cuba allows people to have a vacation home. BUT ONLY ONE!
Yeah I don’t know if you’d do that permanently, maybe just a 10 year law for the duration of the price guarantee? The point is to prevent people from selling their existing house at a high fixed rate to the government then just buying many of the low rate houses. If average people did that at a large scale it’d be a problem.
The main problem I can see with this is people selling to the gov, buying a cheap house after the crash, then pocketing the rest. Maybe that’s fine as an economic stimulus? Inflation could be a problem though. Fixing the housing issue might be worth it anyway given that inflation can be controlled other ways but homelessness without fixing the housing issue can’t be.
you’re only missing the step where you set a due date and prosecute everyone with more than one owned residential property for treason after that date
(I say residential because working out productive real property ownership rules for worker ownership might take a little while to legislate correctly idk)
You could just take them from the landlords and purchase them from the people who simply own too many holiday homes. But I was more thinking within the constrains of a market economy here.
They’re not all going to sell though… Maybe? $55 trillion is rather a lot though…
With that said I don’t think it will reappreciate if you get rid of the landlords and limit total number that can be owned? There will be an overabundance of houses? No matter what happens under those circumstances the houses wouldn’t reappreciate to the same value.
Lock in current prices and say that if anyone wants to sell in the next 10 years, the government will take the purchase at current market rate.
Then do every single thing possible to completely crash house prices.
Oh and limit home ownership to one per person so people don’t use the opportunity to sell their existing house to the government and buy two or three more in the crash.
This is probably a bad idea for some reason, I just made it up right now.
I think you just developed land reform with burger characteristics.
It’s definitely not just a burger problem, the UK has an absolutely huge problem with this.
Its funny that I thought of burghers first and was expecting something medieval
Eh even Cuba allows people to have a vacation home. BUT ONLY ONE!
Yeah I don’t know if you’d do that permanently, maybe just a 10 year law for the duration of the price guarantee? The point is to prevent people from selling their existing house at a high fixed rate to the government then just buying many of the low rate houses. If average people did that at a large scale it’d be a problem.
The main problem I can see with this is people selling to the gov, buying a cheap house after the crash, then pocketing the rest. Maybe that’s fine as an economic stimulus? Inflation could be a problem though. Fixing the housing issue might be worth it anyway given that inflation can be controlled other ways but homelessness without fixing the housing issue can’t be.
you’re only missing the step where you set a due date and prosecute everyone with more than one owned residential property for treason after that date
(I say residential because working out productive real property ownership rules for worker ownership might take a little while to legislate correctly idk)
You could just take them from the landlords and purchase them from the people who simply own too many holiday homes. But I was more thinking within the constrains of a market economy here.
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They’re not all going to sell though… Maybe? $55 trillion is rather a lot though…
With that said I don’t think it will reappreciate if you get rid of the landlords and limit total number that can be owned? There will be an overabundance of houses? No matter what happens under those circumstances the houses wouldn’t reappreciate to the same value.
deleted by creator