• reddig33@lemmy.world
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    11 months ago

    Biden administration: “Federal tax credit for first time homebuyer down payment”

    Newsweek: “Give Americans money”

    • pyrflie@lemm.ee
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      11 months ago

      Neither addresses the problem of banks and hedgefunds purchasing single family housing with federal money.

      There needs to be a minimum 7+ figure per year penalty imposed on owning more than one permanently non-occupied acre of non-commercial, agricultural, or wilderness land. With occupancy determined by a local zoning board defined by proportional yearly elections.

      This is still hilariously game-able but makes sure that communities have a say in land distribution.