Oh and limit home ownership to one per person so people don’t use the opportunity to sell their existing house to the government and buy two or three more in the crash.
Eh even Cuba allows people to have a vacation home. BUT ONLY ONE!
Yeah I don’t know if you’d do that permanently, maybe just a 10 year law for the duration of the price guarantee? The point is to prevent people from selling their existing house at a high fixed rate to the government then just buying many of the low rate houses. If average people did that at a large scale it’d be a problem.
The main problem I can see with this is people selling to the gov, buying a cheap house after the crash, then pocketing the rest. Maybe that’s fine as an economic stimulus? Inflation could be a problem though. Fixing the housing issue might be worth it anyway given that inflation can be controlled other ways but homelessness without fixing the housing issue can’t be.
Eh even Cuba allows people to have a vacation home. BUT ONLY ONE!
Yeah I don’t know if you’d do that permanently, maybe just a 10 year law for the duration of the price guarantee? The point is to prevent people from selling their existing house at a high fixed rate to the government then just buying many of the low rate houses. If average people did that at a large scale it’d be a problem.
The main problem I can see with this is people selling to the gov, buying a cheap house after the crash, then pocketing the rest. Maybe that’s fine as an economic stimulus? Inflation could be a problem though. Fixing the housing issue might be worth it anyway given that inflation can be controlled other ways but homelessness without fixing the housing issue can’t be.