If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%

That would make it increasingly difficult for mega companies to buy up everything and torture the housing market

you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 1 month ago (9 children)

Or just ban mega corps from buying housing stock. It's not difficult to enforce.

That being said, at least where I'm from, the biggest cause for expensive housing was bad zoning laws + suddenly increased demand due to immigration.

The government laxed zoning laws while (seemingly) temporarily reducing immigration. This has caused housing prices to drop quite a lot

  • source
  • hideshow 9 child comments
  • [–] 2 points 1 month ago (3 children)

    Or just ban mega corps from buying housing stock. It’s not difficult to enforce.

    When the mega corps own the legislature and the courts it's pretty difficult, when they own the executive branch then they de-facto will not have anything enforced upon them.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 1 month ago (1 child)

    Legitimate problem that isn't thaaat bad in my country. In Canada, corporate donations to election campaigns are either banned outright or severely restricted (different federal/provincial rules). But yes, corpos still exercise control through ownership over the media to influence campaigns. That being said, saying that they own the legislatures is a stretch.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 1 point 1 month ago

    In the US it doesn't seem to be a stretch at all. 50/50 dead heat races most places, and the big money backs both sides. No wonder that nothing changes for the big corps when "the other side" gets control.

  • source
  • parent
  • [–] 1 point 1 month ago (2 children)
    • suddenly increased demand due to immigration.

    You mean investors. Rich foreigners are called investors. Poor foreigners are called immigrants.
    Get with the program.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 2 points 1 month ago (1 child)

    No, I don't mean investors. Investors are too less for the amount of increase in housing costs.

    In the period from the pandemic to 2025, the rise in immigration (note, the RISE in immigration , not immigration itself) accounted to about an 11% increase in the median house prices and rents (IRCC, 2025)

    While other issues do exist, the biggest issue by far in terms of housing stock is the zoning laws that make the supply of new housing stock very very difficult. The increase in immigration simply showed how the market was failing to address this increased demand due to these laws.

  • source
  • parent
  • hideshow 1 child comment