Can you cite an example of where this policy has worked out well? It seems counter intuitive because removing the profit incentive seems like it would remove investments + labor and therefore reduce housing construction.
Sure. Let me get right on that, after I get elected to be a Congresscritter.
Also, what do you mean by de-profit-ize housing? Do plumbers and tradesmen no longer get to profit from building homes? Surveyors? Architects? Electricians? Financiers? How do you get homes built if no one is allowed to profit from their trade?
My terms are as follows:
- you must write a clear, concise policy proposal
- you must post the proposal on HN
- A randomly selected (my selection) HN reader of that post will grade if your proposal is clear, persuasive and well cited. If you fail to pass, then I owe you nothing. You may keep retrying as long as you wish.
- your total billable hours for this concise policy proposal should be no more than 4 hours.
Are these terms acceptable?
Housing has been turned from "a place to live" to a "place we can extract rents to make bank". And with the nature of landlording, the rents are priced to "mortgage+profit", so they get their mortgage paid on our backs and grow their personal wealth, and top it off with even more profit.
Policies that include a highly progressive tax after 2 homes should definitely be enacted, along with proper policing of flop houses (airbnb) in non-hotelier situations. Time to de-profit-ize housing.