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Where I grew up they did 'the right thing' by making it harder for people to own second homes. Not outright banning it, but re-writing the tax code to a point where it became much less attractive to own and let out a second property.
The reform didn't make a noticeable dent in the housing prices, at least not longer term, but my sister got kicked out of her rented place soon after the implementation of the new code as the owner/landlord felt forced to sell the flat. In the following months a growing demographic of ex tenants now had to fight to find new places in a smaller rental market. The reform basically just pushed up rents and not much else.Yes there are plenty of cunt landlords, but allowing for a large rental sector is a great way to ensure a vibrant city with plenty of young people coming and going. And a higher supply of rental properties should go some way to keep average rents down.
EDIT: I know the term 'second home' doesn't necessarily mean rental property, but I reckon you need to be really careful when you fiddle with the legislation around this stuff.
starfish&coffee-
This is why it shouldn't be a ban on second homes but a ban on non-primary residences.
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Yes there are plenty of cunt landlords, but allowing for a large rental sector is a great way to ensure a vibrant city with plenty of young people coming and going. And a higher supply of rental properties should go some way to keep average rents down.
Sounds like a good deal for the landlord. Wring every penny out of the vibrant young people who are too poor to buy, whilst your asset appreciates due to gentrification caused by their presence. Cool
Sumo
frankenbike
Sort of n+1?
When people chat about banning 2nd homes or wealth taxes, they're dreaming. Culturally the idea of telling British people what they can spend their money on or taxing their assets is a non starter. It's like the US introducing UBI or the French banning cheese.