alt Hacker News> So allowing housing prices to surge is literally taxing the poor for the benefit of the rich.
How do we limit home prices increasing? I see your point but solving this isn't trivial.
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testing22321 • today at 2:15 PM
Housing can not be both affordable and a good investment.
If we want housing to be affordable ie “limit them increasing” we have to stop people using them as investments.
There are many ways. My favourites are:
- one human can own one residential property. No companies or businesses can.
-or, property tax doubles (or 10x) with every residential property owned.
- no foreign ownership (Canada does this now)
- government can own and rent residential property at no profit. They supply plenty of other basic necessities of life, why not houses?
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Build more housing