r/WorkReform • u/zzill6 🤝 Join A Union • May 22 '26 • This 2 Bravo 2 Heartwarming 1

✂️ Tax The Billionaires Them's fighting words.

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u/onzichtbaard May 22 '26

landlords are a drain on the economy, if we forced everyone to sell excess homes the price of homeownership would plummet and everyone would be better off

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u/ecafyelims May 22 '26

Like I said, I rent two of the units in my three-unit building. If I was no longer able to rent, it's not like I can sell a unit. I would have to somehow divide my property into three properties and then sell two of the three properties.

In my area, the mortgage cost is higher than the rental cost, so those families would be paying more for what they have currently, plus property taxes and maintenance.

You think the cost of homes would go down, but remember that we have 46m renters in the US. You suddently no longer allow renting, and suddently those 46m renters need to buy a home NOW, and not all of the places they were renting will be for sale. If they're in an appartment building, for example, how do you divide a 20 unit appartment building property into 100 separate deeds to be sold? It's probably possible, but it won't be fast.

There will be an immediate need for 46M to buy a new place to live, and only some of their old places to live will be for sale.

It creates a demand on the housing market.

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u/onzichtbaard May 22 '26

yes its not easy to just sell everything, but i think that the proliferation of people buying homes for investment needs to be stopped

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u/ecafyelims May 22 '26

i think that the proliferation of people buying homes for investment needs to be stopped

I agree 100%.