No one who owns a home would vote for them.
It’s not in their self interest, if they spent 300k on a house and this happened, they would lose ~300k.
Not worth it at all.
A much better idea would be to just have tax breaks for contractors making new homes, that would lower the value of everyone else’s homes, but by a lot less.
Housing should not be an investment. They didn’t lose anything except speculated value which comes at the cost of locking others out from the ability to own their own home. In fact, those morons who care so much about “muh investment” are also costing themselves through higher property taxes and ridiculous house prices they’d have to face if they ever have to move.
There are quite a few people who say they wouldn’t be able to afford the house they have now if they had to finance it at today’s prices and interest rates. How can they realize the capital gains on such an “investment” if they don’t own more than one home? They still have to live somewhere.
you leave individuals who own up to, say, 3 houses alone and start massively taxing anything further. 4+ house voting bloc can suck a dick. corporations will be forced to rent at obscenely low rates to the point that they will be stupid not to sell. they have a minimum tenant percentage to make sure they’re not hoarding, and have mandatory government evaluation for any sale. fail to do any of this for 60 days and your properties now belong to the people.
You need to consider that people need somewhere to live. So, if your only house doubles in value, you generally can’t make use of this fact to get more goods and/or services, since every other house has likely also doubled in value. The only way you can get to these gains is if you’re willing to trade down in some way. For example, you could move to a rural area, where housing is cheaper, or you could move into a smaller home. If you’re unwilling to do any those things, your house becoming more valuable is not that useful. (Unless of course the increase in value is due to the land your house is on getting better in some way. This only concerns cases were your house gets more valuable due to increasing scarcity). In fact, since property taxes exists, you might end up getting priced out of your own house.
No one who owns a home would vote for them. It’s not in their self interest, if they spent 300k on a house and this happened, they would lose ~300k. Not worth it at all. A much better idea would be to just have tax breaks for contractors making new homes, that would lower the value of everyone else’s homes, but by a lot less.
Eh, I’d go for it. This whole country thing isn’t about my personal gain, but making life better for everyone.
Housing should not be an investment. They didn’t lose anything except speculated value which comes at the cost of locking others out from the ability to own their own home. In fact, those morons who care so much about “muh investment” are also costing themselves through higher property taxes and ridiculous house prices they’d have to face if they ever have to move.
There are quite a few people who say they wouldn’t be able to afford the house they have now if they had to finance it at today’s prices and interest rates. How can they realize the capital gains on such an “investment” if they don’t own more than one home? They still have to live somewhere.
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Removing speculation from the housing market doesn’t remove ownership.
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you leave individuals who own up to, say, 3 houses alone and start massively taxing anything further. 4+ house voting bloc can suck a dick. corporations will be forced to rent at obscenely low rates to the point that they will be stupid not to sell. they have a minimum tenant percentage to make sure they’re not hoarding, and have mandatory government evaluation for any sale. fail to do any of this for 60 days and your properties now belong to the people.
You need to consider that people need somewhere to live. So, if your only house doubles in value, you generally can’t make use of this fact to get more goods and/or services, since every other house has likely also doubled in value. The only way you can get to these gains is if you’re willing to trade down in some way. For example, you could move to a rural area, where housing is cheaper, or you could move into a smaller home. If you’re unwilling to do any those things, your house becoming more valuable is not that useful. (Unless of course the increase in value is due to the land your house is on getting better in some way. This only concerns cases were your house gets more valuable due to increasing scarcity). In fact, since property taxes exists, you might end up getting priced out of your own house.
Tells this to the millions of voters that thought “tarif every country, specially or allies” would be a great economic plan.
No no, if they force my loan to be 100$ they’re just going to increase interest 10,000 to get to that 300k lol