Comment by Spooky23
17 days ago
You have to make it impossible for them to exist. Rentiers are the lowest form of business, and incentives need to make it difficult for them to prosper too much.
These issues are why policy was oriented around individual home ownership for decades.
Orienting policy around individual home ownership just ends up eventually with more people’s voting interests aligned with landowners, and is part of the reason why increasing property values and NIMBYism is so entrenched in American government structures
We could definitely stand to orient some policy around making sure that first time homeowners aren't typically buying their starter homes at age 40. Having voting interests aligned with landowners wouldn't be a bad thing if most people were landowners.
Doesn't really fix the problem. All you done is distribute unearned income to a larger class of people.
People's labor and capital will get absorbed by land ownership.
You need to tax it.
There's an argument that landlording gets entirely too favorable treatment from the tax code compared to any other type of business or investment. Seriously proposing eliminating property rentals is weapons-grade stupid.