zeptillian t1_it9vegt wrote on October 22, 2022 at 12:21 AM

Reply to comment by Soupkitchn89 in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

You can make buying up existing housing to make money less profitable by charging a higher rate for properties that are not lived in by the owners, or have a graduated tax rate where it becomes cheaper the longer you live in your home.

Businesses bought up over 20% of the housing since the pandemic started. That's a huge upward pressure on price.