News for hackers. Stuff that matters.

A comment on Small cities in America’s Mountain West are booming. Parent comment

Re:Small cities in America’s Mountain West are booming by bushbaba on Tuesday April 20, 2021 @03:39AM (#26871787)
Raise interest rates and kill federal backed mortgages except for low income. Limit fed backed loans to 1 per household.

Tax housing income as normal income. Remove 1031b exchange. Remove depreciation of homes. Tax all housing sale gains.

Housing would then be affordable.

[ Parent | on HN ]
Re:Small cities in America’s Mountain West are booming by Gustomaximus on Tuesday April 20, 2021 @07:14AM (#26873104)
A simple option, most countries already have land tax. Just make this proportional and federal.

And by proportional I mean like income tax, so the first $1m is 0%, $1m - $3m is 1%, etc

Not sure the best numbers but should be something were most people dont pay, even can have an investment property to cover need for a rental market, but if you have significant holdings it kicks in, and people with residential empires should basically be untenable unless it is short term holding to renovate etc.

Also could apply top rates to residential property with corporate or foreign ownership so residential is for people to live in.

[ Parent | on HN ]
Re:Small cities in America’s Mountain West are booming by refurb on Tuesday April 20, 2021 @06:34AM (#26872872)
I upvoted you because while I might not agree with all of them, they are ideas that would certainly lower prices.
[ Parent | on HN ]
Re:Small cities in America’s Mountain West are booming by almost_usual on Tuesday April 20, 2021 @09:42AM (#26874519)
Still wouldn’t fix the housing problem in desirable places.
[ Parent | on HN ]
Re:Small cities in America’s Mountain West are booming by calvano915 on Tuesday April 20, 2021 @05:17AM (#26872417)
What do you mean!? The status quo is profitable, for the already or soon to be landlords.
[ Parent | on HN ]