In an attempt to deal with an affordable housing crisis, the Dutch housing minister recently proposed a law that would have allowed municipalities to force some property owners to sell their homes only to low and middle-income earners. The problem the policy is trying to fix is one that’s particularly acute in Canada.
well not across the board, we want to discourage investment purchasing, not owning a family home. Multiple dwellings should be taxed extremely high, and shell corporations who buy and rent homes need to somehow be cracked down on.
Or why not tax income made from rental homes to an insane degree - need to make renting out homes not attractive to investors. If there is little benefit to renting out dwellings, it might encourage investors to sell off homes. Further encourage selling to non-wealthy people through more tax incentives or something.
Stepped tax rates for each property you own.
1st property normal rates.
2nd property 2x normal rate
3rd property 3x normal rate etc.
Need to figure out how to ban shell corporation ownership of property though.