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Acocke t1_j6jj94s wrote

  1. Tax foreign and corporate owned housing. (They are willing to pay more)
  2. Unoccupied and uninhabited units with vacancy past 10 years should be taken by the city by eminent domain.
  3. Make brokers fees illegal and cap real estate transfer costs at set cost as opposed to percentage based.
  4. Incentivize building additional units for sale but not for rent. Owner occupied units are generally better for everyone.
  5. Allow the nimbys to exist but ratchet up property taxes for unit above a certain square footage each Nay vote further subsidizing additional housing units, mass transit, and school. If money goes to anything else, provide teeth to remove elected officials and banish them from the state. (Let’s get puritanical)
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Roszo21 t1_j6klid3 wrote

The unoccupied real estate thing is a really odd problem. You'd think with how valuable real estate is property wouldn't sit vacant, but when you start looking around for them, they're everywhere. There are three SFHs that have been empty long-term within a block of me. Two of them belong to elderly people in nursing homes without family and are just waiting for them to die. They've been vacant for years. The third had owners pass away and the kids are fighting over the list price for months.

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RhaenyrasUncle t1_j6mtuyb wrote

Letting apartments sit vacant drives up demand for the other apartments nearby.

A landlord who owns multiple properties directly benefits from keeping demamd high.

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