A Boring Dystopia

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Are 'micro-apartments' converted from offices the answer to the housing crisis? (www.usatoday.com)

submitted 1 month ago by 01189998819991197253@infosec.pub to c/aboringdystopia@lemmy.world

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[–] 01189998819991197253@infosec.pub 18 points 1 month ago* (last edited 1 month ago) (1 children)

While true, in the USA, there are millions of "investment homes" owned by investment firms, all sitting empty, driving down supply and driving up costs. The solution to the housing market in this instance isn't to increase the availability of 150sqft slum lord flats, but instead to significantly decrease the number of "investment homes" an entity is allowed to own [and to restrict its use (for example, it must not sit empty for more than 6 months)].

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[–] reddig33@lemmy.world 2 points 1 month ago (1 children)

I’d love to see an “empty property” tax. It would drive down the number of empty offices and homes, generate revenue, and drive down realty prices and rents.

[–] 01189998819991197253@infosec.pub 1 points 1 month ago

And this tax needs to increase 25% every 6 months until it's no longer empty.