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News Reporter@lemmy.wtfB to Economy@lemmy.world · 1 month ago

A fifth of California homes are investor-owned as state’s affordability crisis deepens – report

www.theguardian.com

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  • usnews@beehaw.org
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A fifth of California homes are investor-owned as state’s affordability crisis deepens – report

www.theguardian.com

News Reporter@lemmy.wtfB to Economy@lemmy.world · 1 month ago
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11
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  • cross-posted to:
  • usnews@beehaw.org
New figures show that the Golden state’s rate of investor-owned homes is 19%, with mountain regions up to 83%
  • Wazowski@lemmy.world
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    1 month ago

    Just fucking tax non-owner-occupied at 200% market value per year.

    • karashta@sopuli.xyz
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      1 month ago

      Fuck that. No one needs or deserves to have multiple homes when there are homeless people.

      Make multiple home ownership illegal.

      Make it illegal for homes and dwellings to be an investment vehicle for wealth.

      • sunzu2@thebrainbin.org
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        1 month ago

        Muhh property values clowns make this a political non starter

      • shalafi@lemmy.world
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        1 month ago

        So rental properties are completely out?

        • surewhynotlem@lemmy.world
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          1 month ago

          Sure, why not

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