But a popular location for people to buy investment properly from abroad and a lot of wealthy people have two or more homes - bits of Cornwall are so overtaken by second homes they’re ghost towns most the year, locals priced out of the market end up having to live in illegally located caravans or with their parents in a run down mundic crumbling house.
London is like it too, every new apartment block we’ve worked at has been half sold to overly rich people using it on the weeks they come in to work or socialise in the city while the other half gets sold to an over seas investment company for rental.
Personally I think our government should do deals with other countries to try and unload some of us
The solution is a second home tax, which is to be paid, if you do not live in a house for a given period every year. Obviously it needs to be high enough.
This would still allow the super rich to take over a town. So, another idea: A second home cap, which must not be exceeded. Say a village decides they can handle 1% of their houses owned by the 1%, but not more. Once these two houses found their part-time inhabitants, #3 must wait, or go somewhere else. A bit like garden plots, or boat piers. Naturally, this would also drive prices due to scarcity.
But a popular location for people to buy investment properly from abroad and a lot of wealthy people have two or more homes - bits of Cornwall are so overtaken by second homes they’re ghost towns most the year, locals priced out of the market end up having to live in illegally located caravans or with their parents in a run down mundic crumbling house.
London is like it too, every new apartment block we’ve worked at has been half sold to overly rich people using it on the weeks they come in to work or socialise in the city while the other half gets sold to an over seas investment company for rental.
Personally I think our government should do deals with other countries to try and unload some of us
The solution is a second home tax, which is to be paid, if you do not live in a house for a given period every year. Obviously it needs to be high enough.
This would still allow the super rich to take over a town. So, another idea: A second home cap, which must not be exceeded. Say a village decides they can handle 1% of their houses owned by the 1%, but not more. Once these two houses found their part-time inhabitants, #3 must wait, or go somewhere else. A bit like garden plots, or boat piers. Naturally, this would also drive prices due to scarcity.
I’d rather have a per-person cap. 1 Home + 1 Vacation Home are free. Every Home after gets taxed to oblivion.
Fuck vacation homes. While not everybody has a home, nobody should have two.