Earlier quoted context omitted.
> As much as I'd love to work for a FAANG, retire early, and buy a large house in an idyllic mountain town, I'd hate for that same town to loose its historical roots and what makes it that special idyllic mountain town in the first place. It's already arguably happened; fruit orchards and irrigation turns were big part of the milieu in Orem/Provo a few decades back, and they're all but absent now, and in general the…
The thing is--and I'm not saying you specifically--but worrying about a place losing "its historical roots and what makes it that special idyllic mountain town in the first place" inevitably has to go hand in hand with strong NIMBY policies. Which isn't even "wrong" in any absolute sense whatever the growth at all costs crowd here may want. Though, really, not even that helps because towns can't actually (or really w…
That said, I can't help but wonder if it is possible to shape how people buy. For example, with the existing very limited housing stock being exacerbated with large capital chasing it, I'm inclined to think that there should be property taxes that are a function of housing one already owns in a given market and supply on the market. So... want to buy a new house and keep your old one to rent out? Want to buy a third in a market where there isn't two weeks of supply on the market? Maybe you'll pay a bit more, both on the transactions and yearly. Want to buy your twelfth or twentieth unit as part of a fund or trust in a market where there isn't a week of supply on the market? Maybe you're going to get hit hard, and you should try to find some other productive use for your capital.