Near me there are TONS of empty places, the developing is not the issue. Nobody can afford them. Hell I don’t even own and the place next to me sat empty for 3 months because it was going at an absurd rent for the size.
I agree that’s part of the problem, but see my comment below. Stats show we have an all time low for housing:people compared to our past and compared to most other western countries.
To fix it, for sure we need scaling property tax rates and higher empty/vacant housing taxes, but my point is that even if we forcibly removed 2nd or 3rd houses from every single person/corporation, as well as taking any empty/vacant housing, and distributed it, we still wouldn’t have enough to be on par with our historical rates OR other western nations
Near me there are TONS of empty places, the developing is not the issue. Nobody can afford them. Hell I don’t even own and the place next to me sat empty for 3 months because it was going at an absurd rent for the size.
Why would I build affordable housing? That just invites the poor. /s
There are a bunch of new apartments in my city’s downtown (USA). They’re all premium spaces. I can afford a spot, but I doubt most can.
I agree that’s part of the problem, but see my comment below. Stats show we have an all time low for housing:people compared to our past and compared to most other western countries.
To fix it, for sure we need scaling property tax rates and higher empty/vacant housing taxes, but my point is that even if we forcibly removed 2nd or 3rd houses from every single person/corporation, as well as taking any empty/vacant housing, and distributed it, we still wouldn’t have enough to be on par with our historical rates OR other western nations