No, it needs to multiply every time a new property is added
this post was submitted on 04 Sep 2026
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Why 1% each? If housing is a human right, and it is, then we need strict limits around one per person. Companies should not be allowed to have long-term ownership at all.
Just put in wealth caps
Nobody should be able to have of control over 10 million, for example
They'd just make 2,000 shell companies, each with one house.
Perfectly legal.
Companies shouldn't be allowed to own housing
Or other companies.
They often do that already.
It reduces the liability when sued. If you do something dumb and owe someone $100,000,000. You just abandon that one property and make that company bankrupt, you don't lose all your other properties too.
because of that reading government anti-corruption investigations can cause vertigo - just getting through the tense web of shells and shells of shells and mothershells and whatnot - there was one case in which the company had like 50 entities removed from the culprit
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But like on ALL their properties not just the excess ones
Exponential*
If it were 2% on the first, it'd be 4% on the second, 8% on the third...
I think Ken Paxton, man of the people, family matters, wears $40K watches, has 15 homes on a 150K salary.
So 32,768% sounds fair for inhuman scum like him. That's 14 more homes on the market hopefully.
I don't even know what it would be for Blackrock, the largest homeowner in the market. They own more homes than individuals do in the country.
Looks like Ken's love language is bribery with real estate .
This is why wealth tax is so elegant. It doesn’t matter if you own a bunch of houses personally, or you own shares of a company that own a bunch of houses, or you use the shares as collateral to borrow a bunch of money; your total wealth is the same. There is no way get around it :3
The real wealth are the NFTs we made along the way.
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Hear me out: we also count all the subsidiaries company as the same entity of the owner company, now we have less exploits too
If only the people that would make these laws were not the ones profiting from it.
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Two policies would make a huge impact on this.
An additional tax on nonresident ownership and a punitive tax on vacancies based on occupancy rates.
Those two would be enough to discourage hoarding, scalping and ghost neighborhoods .
I firmly believe every home after your second (let retired people have their cabins) should be taxed exponentially.
The third home should be taxed so heavily that it's prohibitive, and the fourth should be taxed so highly that it's impossible to profit off of.
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It should be illegal to have dozen of houses to begin with and if you don't like this you can go fuck yourself because we live in a society
My mayor lives off the rent of 8 houses. I don't think he'll do anything to fix it
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Some places do this. I have heard a few Welsh areas have gone for much higher council tax (approximate equivalent to a shitty property tax) on second homes. They are allowed to charge up to 4x the normal rate.
If you are renting it out as a holiday rental you can be exempt from the normal council tax but they are now requiring you to actually rent it out. It must be available for at least 252 days of the year and actually used for at least 182 days so you can't just set rent to unaffordable amounts.
Hearing the crying about it has been great.
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We also need to outright oppress and exploit companies the way current government does with minority groups and poor people.
Otherwise they just use legal technicalities to get away with it.
"Nooooo we don't own 2000 houses. You see, we are an investing firm, and we have 99.9% share in 2000 companies, and all of those companies own a house. It's perfectly fine!"
Luckily for the billionaires they don't own any homes, their homes are part of a complex companies, or some bullshit.
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