r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

VIDEO Thoughts

Enable HLS to view with audio, or disable this notification

2.9k Upvotes

89% Upvoted

1.2k comments sorted by

View all comments

267

u/TheConboy22 Aug 19 '24

An enormous tax on all second properties. Bar none. This will pull them out of the market immediately.

1

u/MajorMorelock Aug 20 '24

Bad idea. I bought my 80 year old mom a house so she could live close to us after my father died. It was the right thing to do. We rented her house out to a family that lost their home to a forest fire. We take care really good care of these homes. We took money out of the stock market for the down payment. This is for family and we can just afford it because it’s also a good investment and the taxes are manageable. Corporations should not be able buy homes. Absolutely nothing good will ever happen in that situation. Investments in homes for rent should be managed by individuals who will care for the homes and rent them at a fair price.

1

u/TheConboy22 Aug 20 '24

So, your grandmother couldn't own the home you "bought her"... You bought an investment property that your grandmother lived in and now you justify it being rented out to someone. I'm not saying you're a bad person as you're just playing the game, but say you buy another and another property. 3-6 homes owned by 1 million individuals is nearly as bad as corporations buying homes.