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

hamiltonnolan.com

31–40 of 149 posts

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

#31

Earlier quoted context omitted.

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.

We have a simple version of this in many states of Australia.

I wonder if it has helped? We are also having similar rent vs wage issues here.

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

#32
post #18

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 population is still growing, however you want to slice it. > The problem is that rural areas ("flyover states") have been left to rot: no reliable electricity grid, no public transport, basic infrastructure from grocery stores over schools to basic healthcare has closed down This narrative also works in the UK, but where the abandoned areas are mostly coastal. Seaside towns with no tourists and no fish. Ex-mining…

>Why is it so cheap? Well, unemployment is really high:

The thing is nobody (with a stable job) wants to live in areas with high unemployment because of all the social issues those areas have.

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

#33

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…

If what you care about is climate change, you should be in favor of cramming people into the smallest possible spaces in urban areas, not putting them in rural areas where they have to drive 20 minutes to get to the grocery store. The carbon footprint of your average city dweller is far lower.

It's not only about climate change, most of the effects are to be seen on the biodiversity, the beauty of the countryside (yes, it's important), agricultural production and water supply, as concrete reduces a lot water absorbtion.

Lyme disease outbreaks can be attributed in part to the increase in rodents population, which is due to the urban sprawl and the increased difficulty for predators to hunt in suburban areas.

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

#34

Earlier quoted context omitted.

I wouldn't return to more rural areas if 100% WFH is possible. Some left it for a reason and not to get better internet. And, at least in germany, many rural areas are not so unattractive. I know plenty rural villages with great internet. Especially in BW public transport is solid, the next bigger population center is close by and there are many jobs. It's just conservative, culturally boring, inflexible and really s…

Nobody said all rural areas are attractive places to live. And yes, part of the problem nobody wants to go back isn't jus the "vibe" and lack of "hip culture, art scene and hipster cafes", but that basic infrastructure like good schools, teachers, hospitals, doctors offices and specialists, have been left to rot and they also moved out of the city(the younger generation) or just retired and died along with the town,…

this is not true across the bank. Of course if you're really deep into depopulated rural areas then there is really a lack of basic social services. But it's not that there's only high-density cities and deserted landscapes, there are still rural areas with schools and doctors. Rural areas that are doing comparatively well, somewhat maintain their population. Also, many cities with a lot of population growth also struggle to provide those services as there are not enough doctors or teachers for all, so you might be able find comparatively better schooling in the right rural areas.

In some rural areas there's a really conservative, tight-knit mindset. A deep resentment for somebody different and a very specific world-view really dominating the area. This is not about hipster-cafes, but about some basic progress in society some parts just try to not be part of.

Rural is also more isolated and there's just strictly less to do. Fine if you want to spend most of your time inside your family circle or the same two people you grew up with. But some just can't cope with that.

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

#35

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?

Single-payer. One government agency is permitted to purchase construction of additional units, and also manage the long-term rental (pricing set at auction) of those units in a rent-to-own model, where "own" means the right to live in that unit rent-free until you die, at which point control reverts to the government agency, combined with laws that forbid owning/renting multiple residences. Add in some allowances like giving neighbors right-of-first-rent so that rich people can combine units, some carveouts like keeping short-term hotels private, but basically, yeah, single-payer.

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

#36
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.

I don't want to buy a house. I want to rent from a landlord. Why do you people always want to force me to buy a damn house?

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

#37
post #24

Earlier quoted context omitted.

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.)

That won't fix anything. Many rentals are apartment buildings and are built/owned by large companies. You would effectively make the situation worse because individuals wouldn't be able to build high density housing if they're only allowed one unit.

Edit: why disagree?

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

#38
post #27
post #15

Earlier quoted context omitted.

> 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.

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

This is fine. Really.

There is nothing wrong with every country being able to support themselves with their local economy.

I'm not saying to jack things up to 500%, but a general 5%-10% to make shipping cheap crap around the world have a bit more friction would be a good thing.

The goal is to make it economically viable to produce things closer to where they are consumed. And to only produce those things non-locally that have a genuine reason for being produced non-locally.

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

#39

Earlier quoted context omitted.

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.

Until you use LLCs, corps, or trusts to get around that. Even if you didn't get around it that way, landlords will pass the tax onto the tenants.

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

#40

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.

If the issue is the supply of rental (i.e. investment) properties is too low, do we want to encourage or discourage investment homes?
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