this post was submitted on 11 Aug 2026
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Work Reform

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[–] caseyweederman@lemmy.ca 6 points 2 months ago (1 children)

Doubt it. There are plenty of empty houses right now.

[–] matlag@sh.itjust.works 5 points 2 months ago (1 children)

Right now, the folks keeping an empty unit for speculation can afford to keep it empty.

When the less wealthy investors who need to pay a mortgage for their micro-estate empire of 3 units realize the demand is fading, they'll be forced into lowering rental cost and maybe even selling.

China has seen a ginormous housing value appreciation over decades. The population is shrinking and the correction is happening. It is brutal.

[–] caseyweederman@lemmy.ca 4 points 2 months ago (1 children)

Well no, they'll sell to cut their losses. To people richer than them.

[–] matlag@sh.itjust.works 4 points 2 months ago* (last edited 2 months ago) (1 children)

Yeah, that's still possible. Corps should be banned from buying housing units. People who buy more than one should be taxed with an increasing rate for each additional unit.

Edit: typo

[–] caseyweederman@lemmy.ca 1 points 2 months ago