if you just 'homelessness in general' that's a pretty empty statement

It's a common thing you see everywhere now

Chinese buy up blocks and blocks of land

never live in them

at inflated prices

Wait for the value to inflate further

Councils calculate property value as per the inflated rates

Property taxes go up

People can't afford their mortgages/can't afford to buy a house to begin with

Rents go up because of higher property values

speculation in housing doesn't happen as much as people say it does. and we can just tax empty property

It's between 25 and 50% in Canada

Of homeless people with mental illnesses

>doesn't happen as much as people say it does

kak

it is also really hard to find a number on it

yeah, taxing empty property

Did you really just ignore the other half of that wall of text I typed

yea do it

DID

YOU

JUST

Many of them are also using psychoactive substances

IGNORE

THE OTHER HALF

OF THAT WALL OF TEXT

READ YOU FUCKING ILLITERATE

"You have to live here to buy property here"

Oh look

oh wait

you think people shouldn't lose their house if they cannot pay their taxes

Why do you have to keep paying someone for something you supposedly wholly own?

The thing you're saying doesn't happen often is genuinely what is happening to Canada and Australia

@Fondboy 1) Reduce or eliminate zoning and streamline the permitting process to allow the building market to respond faster to price signals. 2) Eliminate rent controls and housing subsidies. 3) Bar non-residents and especially foreign investment firms from owning residential property. 4) Chill while the problem solves itself.

because it is an asset I believe

Your body is also an asset

it gains or losses value like a stock

Should you pay taxes on owning that, too?

a stock?

capital gains is bullshit

yes