Funny story, we actually have enough housing for everyone. It just isn’t always where people want to live, and corporate landlords would rather leave a space vacant to drive up rents than make all of their inventory available, so there is a shit ton of residential (and commercial) property that is basically abandoned.
There’s also the fact that many of those houses have sat vacant and have been left to rot for many years, meaning that plenty of them need to be demolished and rebuilt before they can be lived in. Small towns have been dying for decades as suburban sprawl consumes ever-increasing amounts of land and bleeds our cities dry of tax revenue, forcing them to continue making more suburbs to pay off the previous ones.
And eliminate corporate ownership of residential property. Tax the shit out of anyone owning more than three residences, and bring property values back down to earth. Bail out homeowners who owe mortgages for more than the value of the properties, and let the market self-correct.
I’d go so far as to attack the idea of a corporation. Letting a business own property or act as a liability shield for human choices is clearly bad for society.
It goes both ways though. I have a corporation for my contracting business to shield possible frivolous lawsuits from unscrupulous people. I do my best to screen clients and not work for wackos, but that’s not necessarily enough to protect myself and family.
Same. Different entities for different concerns keeps each siloed WRT finance and liability. But that should have no bearing on what I believe is true.
TLDR: Thomas Jefferson asked us to “crush” them. Better late than never.
I hope we shall take warning from the example [of the lawless English aristocracy] and crush in it’s birth the aristocracy of our monied corporations (emphasis mine) which dare already to challenge our government to a trial of strength, and to bid defiance to the laws of their country.
Spoiler, we didn’t. We just let them bribe legislators to change the laws so they no longer even had to defy them. And of course a few of the largest corporations recently purchased the republic outright for a relatively paltry sum, as if it were a startup acquisition.
It’s obvious to anyone who owns corporations that they make nearly everything easier. So much about the economy and government has been hugely optimized for them, while the real flesh-and-blood citizenry experience greater friction year over year.
Funny story, we actually have enough housing for everyone. It just isn’t always where people want to live, and corporate landlords would rather leave a space vacant to drive up rents than make all of their inventory available, so there is a shit ton of residential (and commercial) property that is basically abandoned.
Some estimates say there are as many as 12 vacant homes per homeless person
this countryin the United States.Edit: millionaire in OP is from Canada
Last estimates I saw before the pandemic had the rate above 30:1. I haven’t looked since then, but I’m certain it’s only gotten worse.
Yeah, we were gonna do that anyway. After covid, I lost faith in humanities ability to be decent.
There’s also the fact that many of those houses have sat vacant and have been left to rot for many years, meaning that plenty of them need to be demolished and rebuilt before they can be lived in. Small towns have been dying for decades as suburban sprawl consumes ever-increasing amounts of land and bleeds our cities dry of tax revenue, forcing them to continue making more suburbs to pay off the previous ones.
What we need is tax on vacant property. Make it a ladder system so its worse based on number of vacant units and value.
And eliminate corporate ownership of residential property. Tax the shit out of anyone owning more than three residences, and bring property values back down to earth. Bail out homeowners who owe mortgages for more than the value of the properties, and let the market self-correct.
I’d go so far as to attack the idea of a corporation. Letting a business own property or act as a liability shield for human choices is clearly bad for society.
It goes both ways though. I have a corporation for my contracting business to shield possible frivolous lawsuits from unscrupulous people. I do my best to screen clients and not work for wackos, but that’s not necessarily enough to protect myself and family.
Same. Different entities for different concerns keeps each siloed WRT finance and liability. But that should have no bearing on what I believe is true.
TLDR: Thomas Jefferson asked us to “crush” them. Better late than never.
Corporate entities in the USA are out of control and absolutely must be reigned in at every level of government. Their overreach is not a new problem. Thomas Jefferson said it had already begun in a letter from 1816:
Spoiler, we didn’t. We just let them bribe legislators to change the laws so they no longer even had to defy them. And of course a few of the largest corporations recently purchased the republic outright for a relatively paltry sum, as if it were a startup acquisition.
It’s obvious to anyone who owns corporations that they make nearly everything easier. So much about the economy and government has been hugely optimized for them, while the real flesh-and-blood citizenry experience greater friction year over year.
Edit: TLDR because no one reads walls of text