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this post was submitted on 05 Aug 2025
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Part of the problem is there is no market incentive for speculators and landlords to lower the costs of their units. They use software to set pricing with goes right up to the line of "collaboration" but doesn't quite cross it.
I like the idea of a tax or fine for empty housing that is porportional to the highest advertised lease price of the unit. Let's say 10% for starters, so if an apartment wants to jack the prices up on their "luxury" units to 2k a month, they pay $200 every month that unit is unfilled. 100% of that fine goes to subsidizing housing for low income renters. Now we have an incentive for housing prices to go down, but still have the ability for them to go up to meet actual market demands, and we provide more money for lower income renters to afford that housing in the first place. It also gives us another "lever" to pull to manage the housing market. Increasing or decreasing that tax/fine rate to manage real estate bubbles.