this post was submitted on 08 Feb 2024
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Agreed, 100%
That understanding and change of language will have to be a part of the cultural shift needed to fix it.
It would certainly help a lot. But after a certain point it would just be diminishing returns due to the aforementioned switching cost.
I think the remedy for that has to be a little more intentional than leaving it to the effects of a LVT. Corporations should not be permitted to own any form of housing. Multi unit residences should be co-ops/non market housing. If there isn't enough, then the government needs to make more.
So individuals can still own houses, and medium/high density housing is still affordable/plentiful enough.
There seems to be growing sentiment (at least on the internet) to get corporations banned from owning housing, and that's good. But it still needs to pass the hurdle of legalized bribery and our congress failing to represent us. A given policy has 30% chance to pass regardless of public support or disapproval. And policy that benefits the rich obviously has much better chances of passing. This problem within congress is a huge blocking point.
100% agreed.