this post was submitted on 14 May 2025
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I'll repeat again, I don't need a fucking tax cut. I need the price of housing to start going down.
Increase taxes on property significantly, and use 100% of that money to give everyone a basic income.
This incentivizes both people and developers to be efficient with their housing choices. Using too much housing for the area you live in? You pay extra to help out everyone. Using the right amount? No harm to you. Using less than the average? Here's a payout, thank you.
Prices overall will drop, because it's no longer profitable to simply own a home due to the taxes, and especially not if there's no people in it because the taxes won't be offset by the basic income.
All they need to do is make it so you can only own one residence, if you own a second as income property it should be taxed to the point that you want to sell it.
I was in the rental stream before and at least 1 landlord was foreign owners from mainland China--the property had sat empty for six months before us because owner was rich and didn't care about the 2k month they were losing. Another was an unlocatable landlord, the strara paperwork showed China owner, but correspondence was coming from Korean contact info. It started to look more like shell company ownership. Also have two friends who's Vancouver places are Asian owned. Owners moved back to China and main house was vacant for 2+ years, just single basement tennant paying utilities to make place "occupied".
It would also be fun to have squatting laws like some other countries do. Vacant properties can be taken over (e.g. someone does a B&E then just starts living there) and if the "owner" doesn't notice soon enough they start losing their rights to the property. If you get mail at an address, if your stuff is there, if you are the one doing maintenance, all that counts in your favor as a resident. Even if your initial entry was aided by an angle grinder. In some cases actual ownership can end up transferred to the functional residence without any cost. The absentee owner loses their rights.