Reply to It’s a crisis that there are no SFHs in commuting distance to jobs with good schools

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What is your proposed solution?[/quote]

DP
Tax second and third and fourth homes out the wazoo.
Higher Tax on investment properties 
Restrict the amount of money non-citizens can spend on real estate. 
Restrict corporate ownership of SFH
Restrict foreign countries from owning property in the US
Better enforcement of money laundering in real estate

I’m sure there are more. 
[/quote]

Any evidence that the close-in SFH market is actually heavily affected by these things? Second homes in cities are mostly condos, as are foreign-owned properties. Corporate ownership of SFH is a thing, but it's much less of a thing here than in most other cities, and those houses are still being rented and occupied by families.

At some point you need to increase the supply of properties that meet your criteria. Should we divide existing lots? Increase transit to further-flung suburbs? Invest in schools to make more of them "good"? You can't just fit more homes into the same space without changing something.[/quote]

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