taxes on any home past the second grow exponentially, doubling for each additional home
order of the homes is always from less expensive to most expensive
same is valid for companies
for companies owned by other companies, all the houses owned are considered as belonging to the mother (root) company, so there’s no “creating matrioskas to that each own a single house”
Obviously offices and factories are not habitable space and therefore not counted in this system.
Homebuilding is still a business though. You still need someone to risk their money, assemble the materials and crew, complete the project and find a buyer for it.
If there’s no demand for a product no one will build it. There’s always going to be demand for a mythical product that can’t be built. Like cheap housing.
I just spent $2,000 on a handful of wood, shingles, and siding to patch my house up. like 1/10th of a single wide trailer. That’s just the materials i’ll be providing the labor which would normally cost $30-$60 hour.
So it shouldn’t be an investment asset, someone still has to invest in it being built, so that a homeowner may live there.
Ya in an ideal world. Currently the system runs by me fixing up a house and losing $50,000 of my hard earned money so a young family can get a cheap house. I’d preferred if the government compensated me for my contribution to the housing crisis?
Then this is my take:
Obviously offices and factories are not habitable space and therefore not counted in this system.
Housing shouldn’t be an investment asset, especially in a for profit system, or you’ll just make BlackRock again.
It shouldn’t be an investment asset.
Homebuilding is still a business though. You still need someone to risk their money, assemble the materials and crew, complete the project and find a buyer for it.
If there’s no demand for a product no one will build it. There’s always going to be demand for a mythical product that can’t be built. Like cheap housing.
I just spent $2,000 on a handful of wood, shingles, and siding to patch my house up. like 1/10th of a single wide trailer. That’s just the materials i’ll be providing the labor which would normally cost $30-$60 hour.
So it shouldn’t be an investment asset, someone still has to invest in it being built, so that a homeowner may live there.
Is that sort of thing not exactly what our taxes should be paying for?
Ya in an ideal world. Currently the system runs by me fixing up a house and losing $50,000 of my hard earned money so a young family can get a cheap house. I’d preferred if the government compensated me for my contribution to the housing crisis?