News for hackers. Stuff that matters.

A comment on Investors bought a record share of U.S. homes in 2021. Parent comment

Re:Investors bought a record share of U.S. homes in 2021 by VirusNewbie on Thursday February 17, 2022 @02:33PM (#30377561)
You want capital gains on land appreciation. We want to encourage investment into new developments.
[ Parent | on HN ]
Re:Investors bought a record share of U.S. homes in 2021 by 8note on Thursday February 17, 2022 @04:28PM (#30378915)
The land appreciates without development on it. If anything, we want only appreciation from developing. If you don't do something to the property, you shouldn't get a profit from it
[ Parent | on HN ]
Re:Investors bought a record share of U.S. homes in 2021 by Retric on Thursday February 17, 2022 @04:45PM (#30379109)
I think that’s what they where suggesting, however that’s really expensive and hard to implement. If you simply calculate based on the value of the land then a 200 year old house counts as “new” development etc.

Worse it doesn’t actually help. The incentives are there to develop land it’s only local zoning that prevents it.

[ Parent | on HN ]