5 ms·

Yes, we know. They should be expropriated.

by DoctorNick 4y ago

slt2021 4y ago
pay market rate for the house and do whatever you want with it
Asdrubalini 4y ago
You are confusing USA with USSR.
jsnk 4y ago
How do you think this should be done?
- bredren 4y ago
  Strong financial incentives to not possess unoccupied homes. i.e. second homes are heavily taxed, out of state second homes are even more heavily taxed. Homes under management for long term housing or resale kept in unoccupied states longer than reasonably expected incur penalties. Homes kept unoccupied due to being priced out of reasonable band may do so for limited duration--every loophole has to be addressed with financial incentives. This includes reducing the business potential of domestic and foreign private equity groups picking up homes at depressed rates like what blackstone did. Residential property rental and transactions related to residential property must be way less lucrative.
  - tedunangst 4y ago
    So if my wife moves to Boston to advance her career, we get taxed like crazy? By who? But if we get divorced, it's all good? Or will it be fraud for us to keep dating after the divorce?
  - junofan 4y ago
    > Residential property rental and transactions related to residential property must be way less lucrative. The problem is growing; why take a demand-side approach? Especially one so prone to making lawyers and government officials rich? You’re just trading like-for-like as demand grows over time. FWIW, I’m in favor of nationalizing zoning laws as Japan has done to fix supply.
  - jsnk 4y ago
    So this will discourage demand for housing, which will lead to discouraging the developers to build new properties. So you will cause rise in housing prices, rent and cause housing shortage eventually. Also, this doesn't seem to answer my question. How should expropriation be done exactly?
tedunangst 4y ago
So if I move for work and can't sell the old house before my start date, I just lose it? What a system.
- maerF0x0 4y ago
  no, you put in an application with the local governments for a like model transfer and wait in the queue like a good boy/girl/<pronoun> . /s
- delecti 4y ago
  Do you think all of the millions of owned but unoccupied houses are just "whoops it took me a couple extra weeks to sell"? It's ludicrous to suggest it's a significant fraction of the total, or that the suggestion is to require the immediate forfeit of any house when the owner moved out.
  - tedunangst 4y ago
    Well, let's see the text of the proposed law and then I'll tell you whether it's ludicrous or not.
ohCh6zos 4y ago
People moving where the source house is still in the process of selling should have their house seized? I think that ends in everyone owning endless mortgages.

Yes, we know. They should be expropriated.

slt2021 4y ago

pay market rate for the house and do whatever you want with it

Asdrubalini 4y ago

You are confusing USA with USSR.

jsnk 4y ago

How do you think this should be done?

bredren 4y ago
Strong financial incentives to not possess unoccupied homes. i.e. second homes are heavily taxed, out of state second homes are even more heavily taxed. Homes under management for long term housing or resale kept in unoccupied states longer than reasonably expected incur penalties. Homes kept unoccupied due to being priced out of reasonable band may do so for limited duration--every loophole has to be addressed with financial incentives. This includes reducing the business potential of domestic and foreign private equity groups picking up homes at depressed rates like what blackstone did. Residential property rental and transactions related to residential property must be way less lucrative.
- tedunangst 4y ago
  So if my wife moves to Boston to advance her career, we get taxed like crazy? By who? But if we get divorced, it's all good? Or will it be fraud for us to keep dating after the divorce?
- junofan 4y ago
  > Residential property rental and transactions related to residential property must be way less lucrative. The problem is growing; why take a demand-side approach? Especially one so prone to making lawyers and government officials rich? You’re just trading like-for-like as demand grows over time. FWIW, I’m in favor of nationalizing zoning laws as Japan has done to fix supply.
- jsnk 4y ago
  So this will discourage demand for housing, which will lead to discouraging the developers to build new properties. So you will cause rise in housing prices, rent and cause housing shortage eventually. Also, this doesn't seem to answer my question. How should expropriation be done exactly?

tedunangst 4y ago

So if I move for work and can't sell the old house before my start date, I just lose it? What a system.

maerF0x0 4y ago
no, you put in an application with the local governments for a like model transfer and wait in the queue like a good boy/girl/<pronoun> . /s
delecti 4y ago
Do you think all of the millions of owned but unoccupied houses are just "whoops it took me a couple extra weeks to sell"? It's ludicrous to suggest it's a significant fraction of the total, or that the suggestion is to require the immediate forfeit of any house when the owner moved out.
- tedunangst 4y ago
  Well, let's see the text of the proposed law and then I'll tell you whether it's ludicrous or not.

ohCh6zos 4y ago

People moving where the source house is still in the process of selling should have their house seized? I think that ends in everyone owning endless mortgages.