Quote:
Originally Posted by Fuzz
The real trick will be to dis-incentivize owning more than one home. If we want to blame boomers, that's the target. How many have rental houses? How many have cottages and condos that sit empty 90% of the year? With fewer people owning multiple homes, that opens a lot of housing for others. This way housing prices don't have to drop a lot to increase housing stock. And if some sort of tax existed on second homes where those dollars went directly to housing projects we might actually make some headway.
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I don’t know about that. There are people out there who want to rent a house, and have no intentions of buying one. Those people have a place to live, it’s not contributing to the shortage.
Cottages that sit empty, maybe some of them could be someone else’s primary residence. Maybe.
Condos, I can see your point. But guess it depends on their location.