Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
Every restaurant and store that fails fails because of rent. Owning a property you’re not living out of or doing business in should be illegal.
There are three aspects of the economy. Labour, capital, and landowner. Of the three only landowner contributes nothing.
100% land value tax would solve this @asklemmy