Some of the demands of the protesters include the immediate lowering of rental prices with a reduction of up to 50%, the revamping of 3.8 million vacant homes, and the prohibition of evictions of vulnerable families.
Some of the demands of the protesters include the immediate lowering of rental prices with a reduction of up to 50%, the revamping of 3.8 million vacant homes, and the prohibition of evictions of vulnerable families.
Housing as a vehicle for capital wealth generation is what needs to be banned. Every house you own but don’t live in is taxed an increasing 10% every year, no limit.
What would you consider to be the limit for defining a house/apartment as being lived in by the owner?
What about a summer house in the countryside, where you only live for a month or so during the summer, should that be classified as simply a wealth generating property?
Or is it defined by how far away from a city it is located?
Say that a new factory/powerplant/facility opens an hour away by car from your summer home, this new facility needs a lot of staff, will your summer home be reclassified to a normal home because of a decision you didn’t make?
Local city laws could absolutely be set up to tax extra properties higher, but the administration would be huge!