patrick.net

You are pushing on the wrong end of the supply/demand curve.

What we need is more housing. That will stabilize and make home more affordable. Houses are only expensive, and rents are only high because the supply is deliberately restricted.

That and we need to stop illegal immigration.

I would prohibit groups buying single family dwellings.
I would also remove HUD section 8 rental support for losers.

PeopleUnited says

You are pushing on the wrong end of the supply/demand curve.

What we need is more housing.

More housing will never happen as long as the housing supply in the hands of the investor class rent seekers. They will only build houses that commoners can not afford. Therefore destined to be rented for exorbitant amounts.

Only taxing third SFH, will investors release their grip on inflated RE prices and their rent seeking practices. Rent seekers can go build MF units meant to be rented. i.e. Apartment complexes.

Taxing SF homes would also end the housing volatility. Because until our RE greed is put back in check. Housing will be for ever doomed to send our Banking industry reeling in a financial collapse as Bubbles form and collapse from all of the idiots with more money than brains.
The RE bubble biggest fuel, was not only cheap interest rates, and was not the ever creeping inflation. But the end game was for those not buying to flip was buying to rent out.
It's what "rebound"(for lack of a better word) market after 2008. It wasn't folks looking to keep the bubble going. They started buying houses to rent out. As at that time, it seemed the Obama admin was rigging the FHA and lending rules to benefit those that have already bought a house and wanted more to rent out.

HunterTits says

That would nmean taxing rents or lack of domiciling.

Nope rental properties and rental communities built for the sole purpose of renting out would not be affected. This would be about returning the Residential Neighborhoods back to the American dream. This plan would also put SFH housing median prices well bellow $225K and our children and our children's children can again dream of one day owning a home. I know it will make all of the rent seekers who have a enough money to get their's so fuck everyone else. It will make them cry like a stuck pig whinny bitch, but fuck THEM!

clambo says

I would prohibit groups buying single family dwellings.

Groups could buy one house, but that would be it. They could only buy fix and flip only one house at a time. Not very profitable for greedy pigs looking to get 5 or 6 going at the same time.

HunterTits says

Can't levy a direct tax on anyone w/o apportionment except for income.

There's a serious housing shortage in this country. If everyone is to have a fair shake, then Greedy bastards with no better sense than to inflate housing prices, just to have an extra house, isn't anything I would defend. Besides, who would be 5 houses and not rent at least one or two out?
Two houses is plenty, but you've got to show you live in the other house at least 30 days out of the year, and you can't rent it out period. Not even to your cousin. Wanna buy your kid a house, give them the money to do so.

What about stupid government regulations that make building homes a pain in the ass in the first place?

One way to do this without imposing new taxes would be to give homeowner-in-residence exemptions.

Start by removing section 8 scam

Every single thing government tries to improve gets FUBARd. Now you want MOAR govt involvement in housing? Why? You have a house IIRC, so it's not self-interest. Your heart bleeds for somebody else you don't even know and from whom you took nothing?

mell says

Start by removing section 8 scam

Section 8 is a boon to land lording/business. I think we had 30 tenants at our peak on section 8. There were issues, but the checks/money came every month. Every unit cash flowed. Just had to jump through a few hoops on a few properties with the required inspections. Otherwise it was printing money on buildings that cost $15k, put $40k into it and rent it out for $800-900/unit on say a 3 unit. Minimal vacancy because these losers would lose their housing. They'd fuck around and do stupid shit, but if they fucked up they kick yo ass out of the program.

Everyone is gaming some system. Rich or poor.

Gov tax structure with amortization, depreciation, incentives, deductions, loans from existing assets etc. mostly business taking lot of advantage compared to average home owner. Corporations pay none to nothing in some states like CA under 1978 prop 13. Without tax structure changes, average homeowners or future owners always in disadvantage.

RedStar says

What about stupid government regulations that make building homes a pain in the ass in the first place?

Good but Not enough. The developers and investors will turn them all into zero lot oversized floor plan McMansions at ridiculous prices.

Why would a home builder build and sell a $250k home to make $50k profit (selling it before it was built)? When they could build a $500k McMansion on the same lot and make a $150k profit, though they might have to carry it for a few months?

You jack up the residential land tax to the moon, but offer a homeowner's exemption lowering it 50-75% for those who make it a primary residence. But landlords renting it out pay the big honkin' full property tax.

End illegal immigration and deport people living here illegally in addition to ending Section 8.

Trailer parks will boom, inner city neighborhoods will revitalize, and rents will decrease.

I can’t think of anything better outcome, all by removing the grubby reach of federal and state government save for returning the federal government to its primary duty of protecting its citizens and their property.

WookieMan says

Everyone is gaming some system. Rich or poor.

And government promotes this "gaming" in many ways. Bottom line, imo, is the current system eventually leads to a wide gap in wealth with a smaller and smaller top class. In fact, I'd go as far to say any system eventually leads there.

RedStar says

What about stupid government regulations that make building homes a pain in the ass in the first place?

I would propose building 10 new Cities from 1 horse backwater towns. Each of those towns slated to be sprawling metropolis by 2050. Have them dotted from the East Coast to the West coast and provide housing for over 60,000,000 people When you consider each new metro area can support 6 million people each. As a bonus affect, I want it to leach more than half of California's EC from them.

B.A.C.A.H. says

One way to do this without imposing new taxes would be to give homeowner-in-residence exemptions.

That's the whole idea, primary and secondary residences would not be impacted. Only if you have a SFH and you are such a greedy fucking shit, that you need to skim cash off the hard work and sweat from our great nation, and fuck over our kids and rob them of their right to home ownership in the future. Because you wanted to buy up the whole fucking residential block and raise rent more than 30% every news cycle because gouging was in vogue.

As far as constitutionality goes, Taxes are never Unconstitutional SCOTUS Alito saw to that when he protected Obamacare for that Faggot President.

It would be a tax on the home rental industry, not Apartment complexes that were built and permitted as such.

I don't want more housing... we have enough people already thank you very much... from traffic to sewage treatment to schools, my area can't support much more population than what we have currently. Almost every parcle that can reasonably been built on has been developed already.

I have no good awnsers. Wages need to go up, but I'm not holding my breath on that one.

they know massive inflation will inflate housing into stratosphere.

AmericanKulak says

But landlords renting it out pay the big honkin' full property tax.

Will just get passed on to tenants. Taxes are already setup this way in lots of places. Solution is to build more and remove red tape. Maybe block or severely limit foreign buyers permanently if not temporarily but for a long period.

Deport illegals.

Finally, maybe something that blocks these big orgs like faprock from buying everything up with near zero to zero interest rate money from the fed. (better rate than a mom and pop would get)

GreaterNYCDude says

my area can't support much more population than what we have currently. Almost every parcel that can reasonably been built on has been developed already.

Yes that has happened everywhere, there hasn't been a new City or municipality added in over 20 years. The Liberals want us all living in a snow globe above Starbucks, condensed and near by so they can exploit and oppress. The Liberals have hijacked every major city in America to the point there isn't any Conservative cities that can keep them in check on the national arena. Therefore Washington passes laws that cater to their every Liberal whim and cockamamie fantasy. At the expense of the hardworking smaller towns and communities. The Liberal cities are getting so saturated, that they out number the interior population of America just by a handful of coastal cities.

There's so much room left, the problem is really where's the best spots with a good water source, and before any building is even done, consider the best way to manage, maximize and utilize that resource. And then build based on those outcomes and standards. California's water problems are mostly their water management issues. Just like the way their forests are mismanaged to be an out of control forest fire, so is their water.

The water is restricted to save minnow fish in a small waterway. When in reality if they let that water irrigate further upstream the vegetation would help facilitate rain and require less pressure on those waterways. Also there is the issue with no new water works projects have been created in decades, no new aquifers no pumping stations or canals. They just let it all run off into the sea.

We like to think we don't have any room to grow, and we've run out of places to build. I would rather a booming polluting city built rather than what ever nefarious reason Bill Gates has for buying up large swaths of Rural acreage.

As for Employment goes, a huge undertaking like I'm describing would biggest job boom in the history of America way dwarfing and surpassing the WWII Baby Boom era.
There would be so much work and housing, Most of America's domestic problems would be solved.

Tenpoundbass says

Yes that has happened everywhere, there hasn't been a new City or municipality added in over 20 years.

You've mentioned this a lot. Why not make it your life's mission!

just_passing_through says

Finally, maybe something that blocks these big orgs like faprock from buying everything up with near zero to zero interest rate money from the fed. (better rate than a mom and pop would get)

That's the most egregious thing of all. The American retirement savings should be funding loans to the Institutions with interest paid in return. Instead we're "Giving" them money Scott Free, their only obligation us in only predicated in the event they make money or not. We got paid by the bank regardless when we were their lenders, rather than their personal purses.
I would make it illegal for the Fed to lend money directly to Corporations. Make them borrow from the banks, and force the banks to have money on the books. The only way, and the best way to do that. Is for them to pay their customers interest, to entice them to put all of their money in their banks.

That's the biggest piece of the American dream game board that is missing.
America at this point is an Aggravation board with half of the marbles missing.

I think the Citizens of Sri Lanka have resorted to killing the rich. That might work.

I think you all are right to a degree on this housing market. There are a lot of subsidies in it that should go away. I find it unfair that renters don't get better tax treatment on the other hand I as a landlord am taking a risk. I have a house I own that has a bad foundation that I want torn down, however it has been fixed up enough to be able to live in. Long term, the house is going to be torn down and rebuilt.

My background in the mortgage industry makes me want to remove VA, FHA and all other types of governments loans in the program. These subsidies drive up prices.

1337irr says

I think you all are right to a degree on this housing market. There are a lot of subsidies in it that should go away. I find it unfair that renters don't get better tax treatment on the other hand I as a landlord am taking a risk. I have a house I own that has a bad foundation that I want torn down, however it has been fixed up enough to be able to live in. Long term, the house is going to be torn down and rebuilt.

I would protect the residential SFH neighborhoods. The biggest blight in neighborhood regentrification. Are the MFU built in neighborhoods. Often the SFH owners also spruce up their place, and by the time the whole place is looking nice, Section 8 starts to take a toll on those Multi Family Units and the neighborhood.
I would also make it easier to finance fix it uppers for those looking for a lower cost option to buy a house. In most instances what the house is going for, and the cost of repairs, are still way below market value of the house in its repaired state. It's a shame the game is rigged so that only those connected investors with a little cash, gets those deals. Then they sheepishly claim, they are doing something that no other Human being on the planet can pull off.

WineHorror1 says

I think the Citizens of Sri Lanka have resorted to killing the rich.

The older ones who retire from Law Enforcement in the SF Bay Area are replaced by younger ones who cannot afford to live in the communities they police.

At best, they are stressed out from super long commutes and/or doubling/tripling up sharing housing.

With no connection to the communities they serve to protect, the Super Commuters of them are Mercenaries.

Tenpoundbass says

1337irr says

I think you all are right to a degree on this housing market. There are a lot of subsidies in it that should go away. I find it unfair that renters don't get better tax treatment on the other hand I as a landlord am taking a risk. I have a house I own that has a bad foundation that I want torn down, however it has been fixed up enough to be able to live in. Long term, the house is going to be torn down and rebuilt.

I would protect the residential SFH neighborhoods. The biggest blight in neighborhood regentrification. Are the MFU built in neighborhoods. Often the SFH owners also spruce up their place, and by the time the whole place is looking nice, Section 8 starts to take a toll on those Multi Family Units and the neighborhood.
I would also make it easier to finance fix it uppers for those looking for a lower cost option to buy a house. In most instances w...

Re: Multifamily units provide an economy of scale that single family can't do by going vertical thereby driving down the price. Single family homes go horizontal and create urban sprawl. What is nice is when a condo tower is built which is basically singe family. Not everybody is lucking enough to own a single family home in the Bay Area.

It's only going to get worse, imo. Wealth creation is now dependent on "rent" extraction in many various ways and tech that puts large numbers of people out of work. Want to help? I mean REALLY help? Do not give your money to ANY corporation or rich person in any way.

WineHorror1 says

It's only going to get worse, imo. Wealth creation is now dependent on "rent" extraction in many various ways and tech that puts large numbers of people out of work. Want to help? I mean REALLY help? Do not give your money to ANY corporation or rich person in any way.

Every industry starts to rent seek after they have achieves a system that makes profit just like ExxonMobil, Tesla, Google, McDonald's and any other company. Currently, I would say that the government is propping up the real estate industry with loans and tax breaks to a detriment of innovation in other industries.

1337irr says

Not everybody is lucking enough to own a single family home in the Bay Area.

That's almost the crux of my whole point.

B.A.C.A.H. says

One way to do this without imposing new taxes would be to give homeowner-in-residence exemptions.

This. Just stop mortgage tax deductions for second homes. Start with that.

Also, the HOA of my new house disallows renting for the first two years after purchase.

porkchopexpress says

Also, the HOA of my new house disallows renting for the first two years after purchase.

So does the stipulations in an FHA loan. But I knew several people who purchased a second home, using an FHA loan, for the sole purpose to rent it out. (at the end of the housing crash, the FHA was allowing second home purchases after two years)

Tenpoundbass says

you own more than two homes, or don't live in your second home, they should have a Homeowner tax on it.

Great State of Texas, supposedly run by vile right-wing hillbilly racists, already has higher tax on second, third, and so on homes. We get 1/3 tax discount on firdt residence aka homestead exemption.

GreaterNYCDude says

I don't want more housing... we have enough people already thank you very much... from traffic to sewage treatment to schools, my area can't support much more population than what we have currently. Almost every parcle that can reasonably been built on has been developed already.

I have no good awnsers. Wages need to go up, but I'm not holding my breath on that one.

This is a result of unfettered illegal immigration and open borders policies. Americans hardly reproduce around the replacement level. If we secured our borders, net new developments wouldn't be necessary

Bd6r says

We get 1/3 tax discount on firdt residence aka homestead exemption.

The reality is, the investors looking to get in the rent seeking business. Will just chalk a fed tax as the cost of doing business. They certainly don't let runaway housing bubble inflation get the way of their purchasing decisions .

Tenpoundbass says

The reality is, the investors looking to get in the rent seeking business. Will just chalk a fed tax as the cost of doing business. They certainly don't let runaway housing bubble inflation get the way of their purchasing decisions .

I suppose buying houses by investors is, in part, due to Bidenflation and cratering stock market. Money has to be parked somewhere where value of purchase cant go to 0.

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