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Housing Is a Labor Issue: Land owners are taking all the wage gains

hamiltonnolan.com

21–30 of 149 posts

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#21

This story is being repeated across countries and cities. It really is high time there is some serious regulation around home ownership, especially as an investment vehicle. I would even say this is an existential issue for our current civilizational model - the unaffordability of housing is contributing to demographic decline globally.

Agreed. What regulation would you propose?

A simple one would be progressive tax on house ownership. For each house/apartment/whatever you own, you pay N% more tax on it than the previous one.

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#22

This story is being repeated across countries and cities. It really is high time there is some serious regulation around home ownership, especially as an investment vehicle. I would even say this is an existential issue for our current civilizational model - the unaffordability of housing is contributing to demographic decline globally.

> It really is high time there is some serious regulation around home ownership, especially as an investment vehicle.

Occupancy taxes would be a very good start--especially if applied aggressively to investment holders (resident owners aren't really the problem) who can't demonstrate that they live in a space.

It's a lot harder calculation to hold a space unoccupied in the hope of getting better rent if you're staring down a nice big bill for a place being unfilled. It would also cut down on the whole AirBnB idiocy if you don't automatically classify that as occupied.

Suddenly, you will have housing owners aggressively hunting for residents.

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#23

While I agree that landlords are vampires, that here is wrong: > But there is a stack of research a mile high that shows that the number one thing we need is a lot more housing supply There are millions of units vacant everywhere, be it the US [1] or Germany [2]. The last thing the world needs is more housing construction, especially with the insane CO2 footprint of anything involving concrete. The problem is that ru…

>The last thing the world needs is more housing construction, especially with the insane CO2 footprint of anything involving concrete. That self imposed limit is exactly what keeps prices high. Every city has some run down areas that serve no purpose but are wasted space and could be turned into housing. Also, as some others already said it, living in urban areas reduces your footprint versus living far away in the c…

[deleted]

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#24

This story is being repeated across countries and cities. It really is high time there is some serious regulation around home ownership, especially as an investment vehicle. I would even say this is an existential issue for our current civilizational model - the unaffordability of housing is contributing to demographic decline globally.

Agreed. What regulation would you propose?

"One residential property per person"? Or the more reasonable one owned + max one let out?

(Some holiday lets are entirely legit and necessary for some local economies, but the politics of that is very complicated and site-specific.)

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#25

This story is being repeated across countries and cities. It really is high time there is some serious regulation around home ownership, especially as an investment vehicle. I would even say this is an existential issue for our current civilizational model - the unaffordability of housing is contributing to demographic decline globally.

And across history:

https://en.wikipedia.org/wiki/Progress_and_Poverty

Too bad most people forgot about this book. It was a bestseller and all the famous economists knew about it and praised it. Even Leo Tolstoy 3000 miles away.

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#26
post #9

The problem isn't land owners it's landlords. Renting should be illegal and anyone caught accepting rent should lose his property to the renter. Owning a lot of land/houses isn't really the problem. It's when you're not using them that's the problem. You should just sell and not leech on society by renting.

[dead]

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#27
post #15

While I agree that landlords are vampires, that here is wrong: > But there is a stack of research a mile high that shows that the number one thing we need is a lot more housing supply There are millions of units vacant everywhere, be it the US [1] or Germany [2]. The last thing the world needs is more housing construction, especially with the insane CO2 footprint of anything involving concrete. The problem is that ru…

> The problem is that rural areas ("flyover states") have been left to rot The problem is that rural areas don't pay their way. Rural areas only exist at the charity of the cities funding them. If you want rural areas to thrive, you need to figure out how to make them economically viable . That means you need local production to be more cost effective than global production. A good start would be having universal hea…

> increasing taxes on imports and subsidizing some exports

One of those things that sounds great until other countries apply it symmetrically and tax US exports.

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#28

This story is being repeated across countries and cities. It really is high time there is some serious regulation around home ownership, especially as an investment vehicle. I would even say this is an existential issue for our current civilizational model - the unaffordability of housing is contributing to demographic decline globally.

Agreed. What regulation would you propose?

https://en.wikipedia.org/wiki/Georgism

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#29
post #9

The problem isn't land owners it's landlords. Renting should be illegal and anyone caught accepting rent should lose his property to the renter. Owning a lot of land/houses isn't really the problem. It's when you're not using them that's the problem. You should just sell and not leech on society by renting.

Could you elaborate more about what you mean and how this would work?

Where do young adults live? Where do new residents in a city live?

Re: Housing Is a Labor Issue: Land owners are taking all the wage gains

#30

While I agree that landlords are vampires, that here is wrong: > But there is a stack of research a mile high that shows that the number one thing we need is a lot more housing supply There are millions of units vacant everywhere, be it the US [1] or Germany [2]. The last thing the world needs is more housing construction, especially with the insane CO2 footprint of anything involving concrete. The problem is that ru…

>The last thing the world needs is more housing construction, especially with the insane CO2 footprint of anything involving concrete. That self imposed limit is exactly what keeps prices high. Every city has some run down areas that serve no purpose but are wasted space and could be turned into housing. Also, as some others already said it, living in urban areas reduces your footprint versus living far away in the c…

While we could have more housing, construction is a problem, as, and especially in the US lately, it takes the form of faceless suburbs with an extensive sprawl destroying natural and agricultural lands.

It also promotes a car-centric and consumerist lifestyle, where shopping happens in malls, taking even more space. A better use of the current space would be much better than throwing more supply at the problem.

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