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
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
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
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.
Guillotine time!
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.
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.
What’s a mega corp? Lots of billionaires don’t have all their money in one big company, they spread it out over many small companies. They have friends and family members and trusts to spread the ownership around.
You mean investors. Rich foreigners are called investors. Poor foreigners are called immigrants.
Get with the program.
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.
I blame greed, not immigrants, but i see your point.
Me too! I’m in Austin