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America's housing shortage is keeping home prices high (www.axios.com)

submitted 2 years ago by [email protected] to c/[email protected]

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We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.

I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?

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[–] [email protected] 3 points 2 years ago (1 children)

Honestly I'd scale it. There's a lot of people who don't sell their first home when they move into their second and it's helping them financially to rent it out. I don't want to go after these people...

Raise the tax per every house you're doing it with. Make it prohibitive at scale.

[–] [email protected] 1 points 2 years ago

That's not a bad idea. Tax rate is X. First house is X. Second house is XY, third house is XY*Y, etc.

Problem is property rates are usually city, county, state so you're not going to see consistency between them.