My compromise would be confiscatory taxes on any property that isn't your primary residence. Make it unprofitable to be a retired landlord and many of these problems solve themselves.
So having worked with slum lords and the such, I get where you re coming from I really do. Now old sumlord "patel" would just say "sar is just jelous of my many houses and the sec 8 money I get" But what you suggesting creates distortions in the market.
couple of issues comes to mind.
a) There are situations where being a renter works. People do like to move around for various reasons, Also not everyone is suitable or ready for home ownership.
Who would handle rental situations then? The goverment? Churches? have communes? As anoying as the landlord is when people have ownership they have a motive to take care of their property....lol slum lords are cheap fuckers but at the end of the day they still paid me to fix their shit.
The tenats will scream "FUCK YOU BITCH" as they put holes in the wall.
If I was building housing I would want the walls to be fucking cement so they can break their hands when they punch it.
Oh, and heavy estate taxes. I'm not a big believer in "generational wealth." It's bad enough being lorded over by smart billionaires but even worse things happen when their dumbass kids inherit it.
So here is the problem the mega wealth and their cargo cult groups would just create foundations that hold the assents and give their spawn positions on the board etc.
if we want to go down the rabbit whole how to address inequality and generational poverty. I have some simple ideas.
you pull a japan and get rid of zoning regulations let people what ever type of housing they want it I wanna take a 4000 square foot house by the country knock it down and and build a 3 story apartment builing lets fucking GO!
Get the goverment out of the loan buisiness the goverment sponsered entities freddie and fannie are a big fucking problem
FDR was trying to service an idea where you worked for 30 years paid off your hous in you 50's you then lived in the house and died there in your late 50 early 60s
I would take away the loans and that would do alot to reduce housing prices and fuck every home owner out there.
most people buy a house for the school district and live there for about 9-13 years till the kids is out of school so look at it like this.
Two kiwis finish college at the age of 22 (lol) then they marry start their jobs and then go on buy a house at the age of 25 (LAMO) they have their little Kiwi Jr. once the kids are 20 they are in the mid 40s and might want to move somewhere else. Also like I ve harped on once a house is buildt the systems on it like the Hvac, roof, plumbing etc start to run down and need replacement.
A more realisitic loan term would 15-20 years. again people will scream at me for it, but I ve lived through the 2004 to 2008 housing crash.
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