America’s housing crisis continues to worsen | CNN Business
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In America, home prices are at record highs while hundreds of thousands are homeless.
  • it_depends_man@lemmy.worldEnglish
    2·
    6 months ago

    The meritocratic, capitalist way, would be to to put a property tax on it and to increase that tax, until

    • rents increase so much that people can’t afford to live in cities anymore
    • cities lose essential employees
    • society shuts down
    • THEN property loses value
    • then it can be bought cheaply again
    • and also rented for a low price, because the tax on the low value property is also low

    Let’s go people!