In the 1910s, US cities began enacting policies that would shape neighborhoods and, unintentionally, lay the roots for the severe housing shortage today: single-family zoning laws.
Honestly, the taxation proposal would have the same effect as simply outlawing corporate ownership of residential property, with the added benefit of temporarily pulling in tax revenue until the hoarders can unload their properties.
Not sure how this would apply to multifamily residential properties or things like hotels or campgrounds, though.
Hotels are already in a different class than residential properties. They’re taxed differently and have regulations on thing like cleanliness. Campgrounds are also different, they’re not intended for permanent residence.
Honestly, the taxation proposal would have the same effect as simply outlawing corporate ownership of residential property, with the added benefit of temporarily pulling in tax revenue until the hoarders can unload their properties.
Not sure how this would apply to multifamily residential properties or things like hotels or campgrounds, though.
Hotels are already in a different class than residential properties. They’re taxed differently and have regulations on thing like cleanliness. Campgrounds are also different, they’re not intended for permanent residence.
One of the reasons Airbnb and its clones are bad is that they don’t have the regulations hotels do, so renters who expect safe conditions are sometimes fatally disappointed: https://medium.com/matter/living-and-dying-on-airbnb-6bff8d600c04