Except it would be unethical for a billionaire to throw that much power around. They should relinquish the value back to the communities from where they took it.
That’s my takeaway. The positive effect of the charity of this mere millionaire really does a great job showing just how fucking evil billionaires are. So much potential for positive change in the world siphoned into yachts and propaganda
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.
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.
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.
Analysts think we’re about 4.5 million homes short of what we would need to a well-functioning housing market. I’m not sure exactly how they’re defining that.
I would assume that figure takes into account not just how many homeless there are, but renters and home prices vs wages as well. There isn’t a single county in the US where a worker with the average annual wage can afford to buy a house at the average price range in that area, for example.
Vacant homes in general, yes. Similar numbers of people have second homes for vacations as are homeless in the US. There are also quite a few abandoned homes in dying rural communities with no jobs.
Property management companies are managing rentals, not squatting. Some investors hold properties empty, but they aren’t in large enough numbers to be THE problem.
Millionaire? Nice. Billionaires should follow suit, but 1000x
(With ~800 billionaires in the US, that’s 79,200,000 homes)
Except it would be unethical for a billionaire to throw that much power around. They should relinquish the value back to the communities from where they took it.
That’s my takeaway. The positive effect of the charity of this mere millionaire really does a great job showing just how fucking evil billionaires are. So much potential for positive change in the world siphoned into yachts and propaganda
How many homes do we actually need?
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.
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
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.
The official homeless number for 2024 in the US was 771,480. That’s probably just reported and not actual.
Analysts think we’re about 4.5 million homes short of what we would need to a well-functioning housing market. I’m not sure exactly how they’re defining that.
I would assume that figure takes into account not just how many homeless there are, but renters and home prices vs wages as well. There isn’t a single county in the US where a worker with the average annual wage can afford to buy a house at the average price range in that area, for example.
Drive through a small town, and all of your questions will be answered.
This is not a housing problem, it’s not a mental health problem, it’s a fucking unadulterated greed problem.
Please arm yourselves. The opposition will.
I’ve heard elsewhere that we already have enough vacant homes being reverse squatted by property management companies to house every homeless person.
Vacant homes in general, yes. Similar numbers of people have second homes for vacations as are homeless in the US. There are also quite a few abandoned homes in dying rural communities with no jobs.
Property management companies are managing rentals, not squatting. Some investors hold properties empty, but they aren’t in large enough numbers to be THE problem.
They didn’t become billionaires by being charitable.
Quite the contrary. You CAN’T accumulate that much money except by exploiting others, creating issues like homelessness.