Homeowner here: fuck landlords. The entire concept of renting needs to die in a fucking fire.
Residential property taxes should be increased: doubled, tripled, or more. Jack the residential tax rate through the roof. Simultaneously, we need to create a commensurate owner-occupant credit, so effective property tax rate on a homeowner’s primary residence stays the same (or even decreases).
If we increase the non-occupant property tax rate enough, renting only becomes possible where the property owner lives on site. “Landlords” of single family homes will be looking for any way they can to get their tenants listed on the deed, so the property qualifies for the owner occupant credit.
We can target an 85% owner occupancy rate. By statute, the tax rate and credit is raised every year if the owner-occupant rate is under 80%, and lowered if the owner-occupant rate exceeds 90%.
Land contracts, private mortgages, condominiums, and similar approaches will replace renting.
Banks would have greater incentive to cooperate with struggling borrowers, because as soon as they foreclose, their costs massively increase. They are similarly incentivized to get any foreclosed home sold quickly, rather than leaving it as a vacant blight on the neighborhood.
Homeowner here: fuck landlords. The entire concept of renting needs to die in a fucking fire.
Residential property taxes should be increased: doubled, tripled, or more. Jack the residential tax rate through the roof. Simultaneously, we need to create a commensurate owner-occupant credit, so effective property tax rate on a homeowner’s primary residence stays the same (or even decreases).
If we increase the non-occupant property tax rate enough, renting only becomes possible where the property owner lives on site. “Landlords” of single family homes will be looking for any way they can to get their tenants listed on the deed, so the property qualifies for the owner occupant credit.
We can target an 85% owner occupancy rate. By statute, the tax rate and credit is raised every year if the owner-occupant rate is under 80%, and lowered if the owner-occupant rate exceeds 90%.
Land contracts, private mortgages, condominiums, and similar approaches will replace renting.
Banks would have greater incentive to cooperate with struggling borrowers, because as soon as they foreclose, their costs massively increase. They are similarly incentivized to get any foreclosed home sold quickly, rather than leaving it as a vacant blight on the neighborhood.