starting to think buying a house and then not living in it should be illegal
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hmm maybe not idk man
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Replying to @QiaochuYuan and @SarahAMcManus
You’d want to ban something like flipping. But then you get people that need to sell quickly and they get screwed. Turns out, when you mess with free markets, usually someone gets hurt
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context, idk if i was the last person to hear about this or what
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so zillow let a robot buy up thousands of properties, outbidding real buyers and artificially inflating the market, and now will be laying off a full quarter of its workforce and selling off the properties to rental corps like BlackRock at vastly discounted prices. that right?
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the elegant way to do this is a progressive property tax, or just progressive wealth tax in general. property is harder to hide than most wealth though.
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I'm mean the prices are fucked, it's about who gets fucked someone always gets fucked
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