funeralxempire wrote:
Keeping some housing unoccupied is a strategy to drive up rents but also remains profitable because of what you're describing.
This is one of the main causes of the housing crisis IMO. Needed urgently:
1) A tax on unoccupied dwellings in all high-demand areas.
2) Upzoning (a loosening of zoning laws) in all high-demand areas. (NOT upzoning just in poor areas. Upzoning in middle-class and rich areas.)
We urgently need to do everything possible to publicize these ideas, and we need SOMEONE to create a strong organization to advance them, as a political counterweight against all the various lobbying groups that represent real estate greed.
Jesus said: "For the love of money is the root of all kinds of evil."
In today's world that would be, more specifically: "For the love of property values is the root of all kinds of evil."
MAKE AMERICA AFFORDABLE AGAIN!
And, especially:
MAKE
BLUE AMERICA AFFORDABLE AGAIN!