If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
With the current trend of 2/3rds of housing kept empty for speculation, you’d probably buy and sell a house for uni (and probably make a profit instead of spending like 200k).
And also university already requires a shit load of capital? That’s kinda the whole point, so poor people are poor for a “reason”.
Also it’d be simple for university residences to explode it quality and quantity without the insane competition of the landlord market.
Where are you getting the statistic of 2/3 of housing being kept empty for speculation? A quick look outside tells me that is utter bullshit.
15 million or about 10% in 2024, I have no idea where they are getting that information from.
https://usafacts.org/articles/how-many-vacant-homes-are-there-in-the-us/
If I wanted to give benefit of the doubt, maybe they mean that 2/3 of vacancies are caused by being held empty for speculation. Even that doesn’t make snes to me, though. It’s not like you are unable to sell properties that have tenants.
Nope, university is free.