Maybe? They are a luxury for the upper middle class, and you could easily rent one the same way you rent an airbnb. Those holiday homes do need to belong to someone though, so I suppose it makes no sense to outright ban own multiple homes, but we could structure it so that resale is more highly taxed, particularly resale after a short time (i.e. people "flipping" properties).
gowld|4 years ago
datavirtue|4 years ago
You need people to be able to build and flip properties without being taxed at all. The current taxes are carving a modest profit down to "not worth it" for a lot of people who could otherwise build and revitalize affordable housing.
More taxes on home sales results in less homes for sale.
tachyonbeam|4 years ago
Speculators wanting to buy a house, redo the kitchen, and mark up the price 20% 6 months later though? We could just let older, unrenovated houses be cheap. That opens up deals to new home buyers. You can redo the kitchen after buying the house if you really care. You don't need some middle man to do it and mark up the house.