And eliminate corporate ownership of residential property. Tax the shit out of anyone owning more than three residences, and bring property values back down to earth. Bail out homeowners who owe mortgages for more than the value of the properties, and let the market self-correct.
I’d go so far as to attack the idea of a corporation. Letting a business own property or act as a liability shield for human choices is clearly bad for society.
It goes both ways though. I have a corporation for my contracting business to shield possible frivolous lawsuits from unscrupulous people. I do my best to screen clients and not work for wackos, but that’s not necessarily enough to protect myself and family.
What we need is tax on vacant property. Make it a ladder system so its worse based on number of vacant units and value.
And eliminate corporate ownership of residential property. Tax the shit out of anyone owning more than three residences, and bring property values back down to earth. Bail out homeowners who owe mortgages for more than the value of the properties, and let the market self-correct.
I’d go so far as to attack the idea of a corporation. Letting a business own property or act as a liability shield for human choices is clearly bad for society.
It goes both ways though. I have a corporation for my contracting business to shield possible frivolous lawsuits from unscrupulous people. I do my best to screen clients and not work for wackos, but that’s not necessarily enough to protect myself and family.