this post was submitted on 05 Oct 2023
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[–] peter@feddit.uk 0 points 2 years ago (2 children)

This is a good idea but I have no idea how they would implement that in law

[–] irmoz@reddthat.com 0 points 2 years ago* (last edited 2 years ago) (1 children)

Abolish landlording completely

Or, in legal terms, "an entity may not own a home if they cannot demonstrate that they occupy the residence for more than 10 months a year"

[–] peter@feddit.uk 0 points 2 years ago (1 children)

I don't think landlords as a concept are a completely bad idea

[–] irmoz@reddthat.com 0 points 2 years ago (1 children)

There is no good reason to own a home you don't live in.

[–] peter@feddit.uk 0 points 2 years ago

There is a good reason to not buy a home that you live in though

[–] buzziebee@lemmy.world 0 points 2 years ago (2 children)

Could be done fairly easily via the tax system. Each additional property you own increases the income tax on any rent and the capital gains tax when selling it. Bump up council tax for empty properties massively too and the market should correct itself with minimal direct intervention.

Set it up so having a second home means paying more for it, having 3 or 4 or 10 means it's not profitable to keep it at all.

[–] irmoz@reddthat.com 0 points 2 years ago

That is far too lenient on the landleeches

Just seize them and kick them out on their arse

[–] peter@feddit.uk 0 points 2 years ago

Okay, but how does it work when a company owns a house? If a property developer builds a load of houses, wouldn't they be incentivised to sell the house for more to recoup the penalty to them?