As if a single mother of 4 could ever get close to affording a house
You can afford a house in most states on about $100k. She’s just a single mom, don’t assume she doesn’t have a solid education.
Sexists in here, smh.
$100k is almost double the average income of single mothers (of ANY education level) though, and, again on average, more than a third of their income go towards childcare.
Add the fact that someone with 4 children would pay MORE than average in childcare and other expenses including ridiculously high rent and there REALLY isn’t enough left over to ever afford a house anywhere but the least desirable parts of the least desirable states.
I’m not being sexist, you’re downplaying the ongoing national emergency of deep systemic poverty.
Person 1: “She couldn’t get this much money”
Person 2: “Here are ways she actually could”
Person 3: “SEXIST!”
This is so ridiculous conversation
Empty rental properties should be taxed at their rental rates, regardless of if there is a tenant in them or not. Wanna rent out slums for 1700 a month, well, you aren’t going to pay taxes on that property like the 90k shithole that it is.
To go a little further, if you’re listing a house, you should pay taxes on it monthly based on the list price. Seen way too many shithole with a fresh coat of paint hiked 150k above their actual value.
I personally believe taxes should be a mechanism of negating bad behavior or preventing harm to communities/the people.
I don’t personally think taxes should be used for punishment, but I think the rules of a system should be setup to achieve the desired outcome. The rules right now are setup to benefit a few entities owning most of the real estate, and we need to build a system that makes it more expensive to own homes if you already own a home, and it should scale based on how many you already have. Also, there should be penalties for gouging people. All the pharma bros who have been hiking the price of medications through the roof have revealed that most of the people in the USA are vulnerable to captive markets.
The rules right now are setup to benefit a few entities owning most of the real estate,
Strange then, that this has not occurred.
They currently own 4.7mm out of ~75mm homes. It’s just more in Cali, which is probably where the person you heard this from lives.
Here’s an article warning against the practice with data
https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html
we need to build a system that makes it more expensive to own homes if you already own a home,
I don’t know how most places work, but my state does this by assessing property at whatever rate, for everyone, but you get an exemption on part of the assessed value for your primary residence. My house is taxed as though it were worth $60k less because it’s where I live, not an investment or business . This seems like a good idea that would do exactly as you suggest (although that exemption should arguably be higher and should increase once in a while)
Taxed at whatever the adjustor lists as the price. So big corps can by up all the houses/apartments in the area really cheap, and then hike the price up in an inelastic market while pay taxes at a much lower rate.
This is state by state. In some states you pay according to regular reappraisals and in some states (generally those with worse housing markets) you do not.
You had me until the selling of the house. Plenty of normal people’s only path to any kind of wealth is selling their property. Hurting them more is not the way to go.
Multi home owners, apartment rental owners, sure tax the shit out of them.
Normal people selling their normal house at a normal price would not be affected. Only people trying to sell/rent trash for a premium would suffer, as they should, since they are gouging people and artificially inflating the market.
You’re including as people who should be punished:
– people who have lived in the same place a long time
– people who can no longer afford to live in gentrifying neighborhoods
– elderly who need to downsize or move to a place with more accessibility or assistance
While I understand the urge to punish with taxes people getting excessive profits from real estate, you need to be careful of potentially cruel side effects
If it’s trash it won’t sell. Dictating how much people can ask for their own belongings is some authoritarian shit I want no part of.
Homes should not appreciate in value, and we need, as a society, to stop viewing home ownership as “nest eggs” and wealth-building tools.
If housing value constantly goes up, housing prices are constantly going up. Homes cannot be a method of building wealth and also be affordable to people.
Raising taxes on landlords raises the rent.
Maybe she should close her legs
- Every Republican male.
But now she can rent it and pay their mortgage!
As if that hypothetical person ever had a chance post 2008.
