How is the local housing situation developing in your area? Are you seeing it becoming more problematic?

Every one of these scenarios have one thing in common. Housing is seen as an investment, rather than a need

I'm watching this 3 days from being homeless in Dublin, pray for me

It's one way to completely kill consumerism. Who's going to be buying stuff if they're spending all their income on rent & fuel bills, not to mention escalating food prices.

We need more houses but also more regulations. If a single investment company can own thousands of properties and keep aquiring more and more they are essentially scalping the market. Even if we increase the supply the problem will persist if corporate landlords don't have any sort of limits that stops them from absorbing that supply.

The reporter when talking about all these crazy prices - have a facial expression like he has bought 10 properties in Vancouver 20 years ago

You can't save as fast as the home prices going up! Insane!

I'm so thankful that my landlords are renting me a place to live in at a reasonable rate . Inflation is uncomfortable but i'm thankful that my job pays for my life.

The issue is the same all over the world: Housing is seen as an investment instead of a basic human need. This needs to change.

There are almost no places left in Canada that aren't affected by this problem. In Northern Ontario, where I live, people escaping the high housing costs of Toronto are causing housing prices to soar here and almost everywhere else in the province.

I've been living in Japan for nearly a decade and have moved to 6 different cities all over the country. And while prices might be considered cheap by comparing to other countries just looking at the currency conversion it still feels expensive for many people living here. Salaries have been mostly stagnant for decades...

Consequences of Central banks artificially low interest rates coming to roost. All to prevent any drop in asset prices and protect those powerful asset holders.

remember when banks were just a means for people to buy a house and not their competition? pepperidge farm remembers.

The root cause of the problem is there is no effective way to preserve people‘s wealth in a highly inflated economy. Thus, many turn to the property markets. I can’t see that change fundamentally without the economy deflate eventually. That‘s a real risk of our future.

I bought my small (50m2) apartment in Reykjavik in January 2017. It has since, in these 4 years, gone up by 30% in valuation. Wages do not keep rising this quickly anywhere. Soon none but the very top of the weatth piramid will be able to enter the market. 15-20 years down the line, the next generation will never be able to buy. And rent prices keep going up as well, pushed up by these ever increasing costs of buying and building.

This is happening in Limassol (Cyprus) now. Big businesses come here, employ highly-qualified specialists, and give them good salaries. And the local landlords increase the rent prices since these specialists can afford them. The solution seems to be simple: remote work. In this case, many well-paid people won't need to live in Limassol, Berlin, Vancouver, etc. And the market will adjust its appetites to meet the expectations of average people: shop assistants, janitors, and others who are "forced" to live in particular areas.

We desperately need a vacant property tax

Every government is printing money. Eventually the money finds it's way to the rental market. There is only one society that doesn't benefit from the printing of money. That's the working and/or poor people.

I live in Medan, Indonesia. A city that most people probably never heard of here. The price of the houses in this city is comparable to the houses in the US, some even surpass it. It is common for a house here to be price more than 100k dollars. My own house, that my family inherited from my grandpa, has market value of more than 300k dollars and it keep rising every year. It is not even a luxurious house. Not that I'm happy about it. Our government has chosen to let the market dictate the housing policy, and we are all live in a dog eat dog world.

I live in Vienna and it's not quite a problem here. The city government here builds an insane amount of affordable middle class housing and if they run out of space they extend the subway into empty fields and develop there. It's not that hard.

thank you DW for giving coverage to such a critical issue.

Thanks for that insightful overview of what's going on. I've only got two "smaller" additions to add: 1) The Rent-Cap-Law here in Germany wasn't declared "unconstitutional" in principle, but because of its wording/legal formulation - and it was supposed to be valid everywhere and not just in Berlin for being constitutional, too. 2) We don't just "need to keep an eye on'" this Market, i.m.h.o., but change its REGULATION globally (like it's been done with that global tax [evasion] issue), so that there are boundaries as to how much more landlords can rise rents or utility costs in CONNECTION - meaning DEPENDENT on - with rising wages for low- and middle-class incomes and inflation. Anything exceeding that will eventually have to end in a collapse of the capitalist economy since people won't be able to buy things anymore when either their rents are taking up too much of their incomes or they have been starving, dying or otherwise lost everything and are homeless beggars on the streets... For this economy to work, people need to have enough income left - after spending some for their basic needs like shelter, food, drink, hygiene, health etc. - to buy stuff. And taking loans only delays the inevitable because it's less likely, that everyone can rise to the finite number of "high-income jobs" or become a millionaire from entrepreneurship. The delusion always seems to be, that people are trained/conditioned to believe, that "with hard work and perseverance everybody can get rich", which is utter bs to be frank. It's economically impossible - unless inflation kicks us at some point and under certain conditions back to post-war-inflation and we'll pay with millions of what formerly used to cost single or double-digit-amounts (respectively more for countries with a single unit currency like Japan, for example). If this continues, the next housing market bubble is only a question of "when" within the next couple of years and not "if". And it might already have been starting with the situation in China, who knows. Speculation/Gambling with people's live(lihood)s must be illegal everywhere, so there aren't any loopholes, through which such anti-social and life-threatening behavior can be "justified". Regulation does not mean "planned economy" like the Socialist Regime in China and former Soviet Regimes have been doing it so far! - To mix these up or frame them as "the same" is utter bs, too. It's obvious how much regulating markets has benefited the well-being of the population from everywhere it's been implemented. When people do not need to be afraid to lose their jobs because of social systems supporting their transitions from one to the next (no, most people do not just "lean back and become lazy" when they need to apply for these, that's a myth being spread by anti-social austerity-ideologists), they are much more likely to find new jobs, too, because their mental health won't be affected from losing a job or choosing to find a new one (because of toxic social environments, for example or burn-out). To deny reality makes it impossible to deal with it as needed - and reality distortion because of egotistical and short-sighted "goals"/agendas has always been a very strong "trait" in anti-social personalities, that propagate deregulation and all these other anti-social policies, that come with it... It's a relatively easy cause-and-effect pattern, but if people choose to be willfully blind because they're either too afraid of facing the painful failures/mistakes, that have happened/were made or they are far too ambitious and egotistical to care about the lives of anyone else but themselves, then they will not act accordingly, of course (since it's "not in their best interest" to feel the shame of failure/mistakes or being outed as an anti-social a-hole). But the change is still inevitable either way, because if we do not change/adapt when we can still CHOOSE to do so, the situation usually escalates so far over time (years, decades, sometimes even centuries), that we will NOT HAVE A CHOICE anymore and the measures will have to be drastic in order to save ourselves or the economy, that has benefited so few and enslaved so (too) many... Reality always wins, no matter how much people try to distort and warp it in their narratives...so, it'd be wise to stay as close to it as we can. Because if we don't , the consequences for future generations will be more than dire.. Cheers

Every property owner benefits from raising prices, including many politicians, so there is no real interest in fixing this problem. Making higher density housing easier to build would help, but of course, Not In My Backyard!, nor within 1000m around...

Its the same situation in major cities of Australia (especially Sydney and Melbourne): high inflation in the cost of housing, resulting from low interest rates. This form of inflation is not counted in the CPI, even though housing is as essential as food.

Imagine being on a fixed income seeing rents go up an average of 22% this year (Tampa Bay area, FL) knowing your turn is coming soon... Looking for a way out, to find it's a global issue... This is going to end badly for many folks if a solution is not put in place soon...

Why is New Zealand not covered? In New Zealand the average house cost more than 12X the average yearly wage - and far worse in the largest cities. Houses of a million Euros are common.

Concerning humanity, every time the question is "are we heading for disaster?" You just know the answer is going to be YES!

Chinese cities have plenty of places to live too! The difference between China and Japan is that Japanese homebuyers remember their housing crash in 1990 and don't treat real estate as a safe investment, while Chinese buyers have only experienced rising prices and so are, for now, more fearless.

I'm in Toronto Canada and its the same as Vancouver. Housing could be cheaper but the supply is heavily limited by overly restrictive zoning which is for small single family dwellings (low density) and laws are in favour of NIMBY's, so we are inviting so many people to come immigrate to our land, and then not giving them enough housing when they get here, and in a lot of ways taxing the newcomers with very high development fees to pay for infrastructure repairs to those who already live there and didn't want the new people in the first place.

I live in the philippines but i feel the same thing. Me and my wife cant afford to buy a house both us are working and without kids. Its kinda sad

I live 3 hours northeast of Vancouver. The rent prices in my city have risen astronomically in the past few years. A 3 bedroom,2 bathroom upstairs of a house (basement rented out to other tenants) will cost about $2,200 per month. This city has not even 100,000 people.

I think it would have been interesting to add Sydney Australia to the discussion. The average house price in Sydney is approaching 1.5million AUD. It's getting so bad here that an excessive twitch in the interest rate by the reserve bank could cause a crash. In a way, Australia is stuck in the same boat as China. Too much household debt is tied up in property

In the bay area where I am, its kinda become accepted that nobody will ever be able to afford property of their own. Its quite ridiculous how opposed people are to getting rid of single family houses in favor of places people can actually live in. And honestly, there isnt any point in trying to change anything since by the time anything gets done, I'll be old or dead.

Worth mentioning that a large chunk of Canada's issue comes from the fact that homes are tax sheltered investments. If you bought a home for 400k and sell for 2 million, your net tax on that comes out to a wooping $0. This strongly encourages throwing all your money into buying a home as so long as you can even get a slightly comparable growth to non-housing sources you will end up netting more post tax money. The biggest speculators in the Canadian housing market are Canadians.

Absurd that interest rates are so much lower than inflation. Negative real interest rates. Transferring wealth from savers to borrowers.

London is ridiculously short of homes, mostly because we have a government that is only building houses to buy, rather than social houses to rent, we also still have the "Right to Buy" law, where people can buy their social homes after living in it for just 10 years, at a great discount, meaning many social homes have been lost to the private sector. Until the UK gets rid of the Right To Buy law, and start building home for everybody, it will continue to have an ever worsening housing crisis.

Watching this documentary while having a letter that annouces a rent-rise lying on my table. 15% ! Now i need a 15% raise to make ends meet or eat 15% less.

As a foreign student living in Germany since 2017 and receiving no financial aid such as Bafög, finding a place in the university city of Aachen has been an absolute nightmare so far. While there are quite a few affordable options in the countryside and smaller towns, where I myself have been staying for the past 4 years, in cities like Aachen with a very high demand and much lower availability of homes, the chances of finding an affordable option are extremely slim. Long waiting lists in dormitories means a waiting time of at least 1 year under normal circumstances and with the Covid crisis this has gone up even more. I've been unsuccessfully looking for a single apartment since 3 months and am about to be homeless in 13 days as I've already had to give my 3 month notice.

I feel like Rob has come so far. His presentation is fantastic.

In summer 2020 I saw an apartment in downtown Vancouver for $525k (unusually low for Vancouver) and I called the realtor and said I’m interested and she asked if I was going to need a mortgage or buy it with cash. The apartment sold the next day way over asking and all in cash….

The problem in Japan seemed to be about the cost of owning a home, which accounts for the abandoning of them--as opposed to there being too many homes.

The housing market in Sydney Australia has increased by 30.4% in the last 12 months, to a median of $1.5 million. That's an increase of $720 per DAY. If you bought a house at the median price 12 months ago, you would now be better off by nearly $350,000. To earn enough money to make up the difference in a year, you would need to be in the top 1% of income earners in Australia.

Every developed nations needs anti hoarding laws when it comes to properties. And more taxes the more properties you own.

a major problem is being seen in Australia at the movement. its a bubble that i hope will burst even though i do own a home and mortgage because too many times i see home owners being out priced by investor who have deep pockets and will over paid 50-100k above asked price and value to obtain an investment property and then turn around the charge premium for rent

In New Belgrade, Serbia, what was once concrete towers with apartments given for free for workers in Communist period, now score over 2000€ per sqr meter. Average rent for 50 sqr meter apartment is now 350€, while median salary in Belgrade is 500€ per month or 6000€ per year. If one works just to pay cost of his family apartment with no interest, he would make for 3 sqr meters per year. In order to afford 50 sqr meter unit, it would take him 16 years...

Simple solution , no family should be allowed to own more than a flat , house . You must have at least 5-10 working years in taxes in the country that you live and only then you will be allowed to purchase your own home . Simple. Housing shouldnt be a bussines , it should be a human right .

House prices and rental fees in Istanbul have have increased substantially in the last year, along with the prices of everything else. Not good for the locals, at all.

In Korea, we have the same situations. But It seems to be Chinese property speculators that move up our housing prices, Many people says. This is based upon our unpleasant experience that Back a decade or so, we experienced the same thing in Jeju Island(Korea's southern exotic island) that had seen massive influx of Chinese emigrants. Honest to say, Housing prices can not be all explained in terms of demand & supply. It maybe very naive think.

Stop QE programs, raise interest rates(to positive levels like they should be) and the bubble will pop.

The solution is simple, each person should be allowed to buy a single house. Residential properties should not be abused as investing havens for the super rich.

In Moscow, 1 month after pandemic started, interest rates were lowered by 1% + additional government support and the developers responded by increasing their prices by 25 % on average over a year. And I’m talking about the houses that were mostly built pre march 2020.

Well paced, nicely told. Thank you.

Who is this presenter?, I really like his clear presentation style, well done

We live in a former cheaper corner of the country. Housing prices have gone trough the roof the last years and we’re not able to move because every house price is so inflated. My grandson who’s now 14 has no outlook on an affordable home in the next 10 years. It might not be as bad as HK but we definitely feel the crisis

A single rented room can be $3,000 in california. It's fucking ridiculous. Human housing shouldn't be a for profit industry

Here in the San Francisco Bay Area, there’s not a lot of available housing, and what there is is very expensive. It starts around $3,000 US/month for a two-bedroom apartment rental, in a less-desirable area. I’m so lucky, my house was purchased in the 80s and the mortgage is paid off. I couldn’t otherwise afford to live here during retirement, everything else here is really expensive, too, from insurance to fuel to food.

In the US employees are moving from expensive cities to cheaper ones and working from homes a good number of them are buying homes in the cheaper cities they move to and driving house prices higher there too. Imo zoning laws in the US are to blame for this messes and stagnant wages while everything else keeps going up.

seems there is correlation of money printing, low interest rates and inflation..maybe increase interest rates and stop printing money out of thin air as it only helps the rich..thoughts..?

My boyfriend and I literally live in a cargo van because of this. Rent is over $1200 per month. We're hoping to buy land and just put a trailer or shed on it eventually.

In metro vancouver where I live, Renters are the ones that are hurting the most. A 2 parent household with 2 kids pay over 60 to 75% of their household income to landlords just to have a roof over their heads and many are getting rental increases starting January of 2022. Buying a homeowner out here in metro Vancouver is impossible for most locals. A single parent cannot afford to live here even if they are making 25hr, most of that income 85% would go to rent. Then tackle on bills and food. That is poverty level living out here. Average rent for a 2 bedroom in the lower mainland is 2000 and up to 3500 month..Alot of the time it can be more. In Saskatchewan homelessness is also on the rise as renters find themselves with low wages and rising rental costs. I grew up in Saskatchewan and have thought about moving back but due to low wages and rising rent costs, I wouldn't be any better off. Ontario is another place in Canada that is seeing the same situation. Canadian government and other governments at the local level will never make this issue a priority.

House prices in my home town of Hobart, Tasmania have gone up by 117% in the last 8 years. 5 years ago I was able to comfortably afford the rent for a 1 bedroom apartment. Today at the age of 40 I live in a sharehouse and pay $30 more per week for my room than I did for the unit. I earn an ok wage, employed full time but highly doubt I will ever be able to afford to rent my own place again, let alone buy a home.

For an issue that affects THE WORLD, you forgot The Southern Hemisphere, namely Australia & New Zealand. Australia, particularly Melbourne & Sydney have been in a property bubble for over a decade. But the crazy thing is that New Zealand is more expensive than Australia despite our lower wages & less amenities. I would hazard a guess that Auckland is more expensive than Berlin, as the Auckland median is $1.2M as of the beginning of 2021, so probably more now. Auckland is more expensive than Sydney, Wellington at $1.1M is more expensive than Melbourne, Christchurch & Tauranga are both more expensive than Brisbane, Hamilton is more expensive than Perth, etc. This is despite Auckland being the only NZ city larger than any Australian state capital city, & NZ wages lower than in all of them. Other than historic low interest rates, favourable tax policy, & a lack of other investment classes. New Zealand has a historic problem of underbuilding houses in general, & deliberately underfunded public housing infrastructure, much of which has been sold off by previous govts. That has really come to a head in recent years, exacerbated by the flood of cheap money from QE last year to boost the economy from Covid. With the national median house price going up 20% in 2020, with some regions going up by 35% as spill-over from Auckland & Wellington as people chase cheaper prices. But every single housing market in NZ is in bubble territory & well above average salaries. Finally now there is new regulation to make home building easier, with loosened zoning restrictions etc. But after decades of building less houses than we did 40 years ago, despite a fast growing population in the last 10 years, it's going to take a long time to fix the problem. And for many people moving to Australia will continue to be a better option, not just for better wages, better opportunities, & cheaper living costs, but also for cheaper rents & houses. As unbelievable as that sounds.

If you factor birth rates and immigration rates you should know how many homes to build for the future. Factoring in mortality rates would also help

Watching it from Vancouver where the price is ridiculous. Everything government does make is worse.

Median housing price/median annual salary, please

Great documentary, thank you

Good segment. Clear and to the point.

I left Vancouver for Alberta 4 months ago, I was making over 110k per year and was living in a basement, ownership of anything besides an overpriced box was out of reach. I had no choice but to leave the region I was born in and lived my entire life

need to stop seeing housing as a commodity/investment and instead as an essential part of survival that the government should guarantee for the weakest in society. That doesn't mean you cant be a private homeowner, but it means the government needs to play a bigger role on the housing market. If we want cities with a broad range of social classes where teachers and nurses can afford to live, then the government needs to build mass social/affordable housing and relax zoning laws. Vienna's public housing is a great example of a success story other major cities should be inspired from

I live an hour from Dublin, in my area 5-6 years ago you could buy a 2 bed apartment for 55000 now they are 125-150 thousand, rent on a two bed was 550pm now 1000-1100, 1 bed apartments were as low as 35000 to buy now they are 95 - 105000 3X appreciation in 5-6 years, prices have increased by about 20000 since the pandemic started, crazy, wages have not increased at all taxes and inflation have though, my generation of millennials are truly a lost generation just as we began to pull out of the last recession we get hit with a massive increase in prices and cost of living and then Covid hits, I am sure we will also be the ones that will have to pay the bill for these pandemic measures as well no doubt the rich and the generations before us that caused all these messes definitely wont anyway, I have had to work 3 jobs to get by all I have done is work every chance I get and I am barely making progress, if I don't save every penny I earn and invest it I will never have a chance of retiring at this rate, first generation in history to be poorer than our parents apparently, that says it all.

"Heading for Disaster"🤔. Seriously? I'd say we're hurtling straight into one after the other. Private landlords aren't interested in long term tenants these day's, student accommodation seems to be the main choice here in Bournemouth UK. Basic kitchen & bathroom amenities then maximize the number of bedrooms. Endless supply of tenant's, annual let's, high rent's = good profits Local governments assisted by central government are doing nothing to address the shortfall... This isn't a new problem, in the UK they started selling off the social housing stock in the 80's and didn't bother to re build. Now with people moving between countries being the "norm" it's only going to get worse

I used to live in Dublin from 2010 to 2015. Already back in this time it was very expensive especially in the city centre. Now it is insane. House/ apartment sharing is common in Dublin and the remaining parts of Ireland also for non-students.

I was expecting some more suggestions. Pretty slim on what we didn’t know already.

I have lost hope for my own home some time ago and I don't believe that I will ever get something in a reasonable price.

I couldn't afford a place to stay for almost a year, been pretty tough especially that I didn't have a place for my son to stay with me.

Thanks for covering this

Japan has excellent public transport including inter city transport - it makes a big difference to housing, flexibility, availability and affordability. I'm in Canada with a distorted twin ruling party voting system, so unlike Japan, Canada lacks the accountability in our governing assemblies to bring about good public transportation.

I see it as just natural economics. If cities are kept as hubs of wealth, the space there will increase in value. The simplest answer is to take the wealth generating jobs and industries and either make them remote, or move them out of cities. Same with universities and higher education facilities. Then, naturally people will follow and property prices will fall. This will impact negatively anyone who uses housing as investment but will be positive for those who use them to live, thus making it more positive. It will also have a positive ecological incentive, since it will spread the pressure on local resources avoiding the need to transport them long distances, as opposed to concentrating all the needs in a single point that can't produce anything like a big city. People don't stay on a place where a good job can't even pay rent because they like, they do it because they won't be able to find a similar job or opportunities elsewhere

I would like to include South America in this map, in this case São Paulo, Brazil!

The realtor from Vancouver said that only about 1% of sales were from foreign buyers, but China doesn't give citizenship to foreigners no matter how long they stay, and foreigners are only permitted to buy a single property there, whereas Canada offers PR & citizenship, and parachute children are used to buy investment properties. With a 20% foreign buyer tax, there's a HUGE incentive to use a trusted friend or relative with PR status or citizenship to make the purchase for you. To make things worse, when multi-million dollar properties are purchased by people hiding their funds from the CCP, they declare zero global income, and claim welfare here, because there's no way Canada can verify an individual's Chinese financial information.

I live in Thailand where every there's tones of empty house and condos, many condo units don't have allot of lights on at night, this about to change because thailand is opening up the housing market to rich people, so there will be a flood of Chinese coming over to buy everything and leave empty.. I can't find a cheap place to live my my home country because of the same thing that's about to happen here.

Well, you didn't look at the housing crisis in New Zealand - property prices AVERAGE is over a $1m for an increasing spread of places in the country. Rents are rising and rising all the time because yong people have no hope of saving the deposit to afford a mortgage.

If the government can't ensue affordable housing, then there is no required duty of allegiance.

Thanks for the insight 👍🏼

Are we heading? Which part of the 2000s did you miss? Housing has been out of reach for most for decades now

This is a good topics. It would be nice if the problems are investigated deeper, and other aspects of life impacted by the crisis explored. I hope to see a sequel about how governments attempt to solve the crisis.

Housing in my area is selling at three times the price that average wages have any ability to purchase. Investment and cash buyers ( investors mainly) sweep up any houses. The city believes it is a housing program problem. But being in the residential building industry for 25 years I try (unsuccessfully) to convince them it's a building problem. They can't understand because practical problems are not in the expertise of academic elites, who have become the preferred source of problem solving.

The behavior of people in Ireland and Germany is inspiring. Unfortunately, in many other places people don't really take up the fight.

I'm living very close to Paris and when I signed my contract 3 years from now , before signing I told my tenant that my rent was variable on the contract and that it was a bit unsettling to me, he then told me ok let's make it a fixed price (he usually had people leaving after 1 year) I can't explain how much I'm glad I bargained that because nowaday you can't find anything at this price range anymore, the price went up 100-200€

The fact that people own rental and vacation properties, while there are those of whom remain unhoused. It’s a systemic problem. We have more housing than households (in the US). There’s really no reason why people should own more than one home

Housing should be a human right

In Budapest, Hungary We bought the second flat for my family for 6 million Forint in 2012. It was a bit cheaper than average price of that kind of flat, because was relatively worn, but We had more 5 million Fotint to rebuild. That was more than enough. New leather sofa, forniture, everything. We could step forward in 2019 to a family home (in Hungarian: house with garden). We sold this flat for 30 500 000 Forint with a little bargin! In one month more than ten appraisable offer arrived. The best offer accept the highest price, 31 million, but they could pay six months after, but we couldn’t wait so long. This is five time raise in seven years! The Forint isn’t devaluated more than ten percent to the Euro in this entier period.

I'm from Dublin. I pay about 1200 euro per month for a pretty small studio apartment. The quality is decent but it's just a small studio in the end of the day and this is considered below average for Dublin. It's complicated by the fact that w/ my autism I can't imagine I would manage well moving in with a stranger to get cheaper rent; but I hope maybe I could work something out maybe move somewhere w/ a friend together or if I'm in a relationship. But right now, it's pretty damn expensive.

The Judge who made the ruling that the rent capping was unconstitutional was definitely an landlord.

Glad to see Alan Partridge finally got his second series.

That's why I moved out of Berlin. No permits to build condominiums or taller apartments, which forces everyone to move far away from the city center, yet their public transport is the dirtiest I've seen and experienced. That city needs help, big one

I think we all recall the last time the people of Berlin demanded that property be stolen from private owners. It was the 1930s...

Remember the days when you also had an interest savings rate of 10% in a bank. It is all down to a system which does not work. They could easily build tiny homes but that would put in any zoning law to stop it. No such thing as 'affordable' housing.

A law should be brought in & enforced, to make sure houses are registered, just like people have to register their cars. Then another law must also be brought in & enforced, to stop anyone from owning more than 3 houses at a time. Anyone owning more than 3 houses should be made to sell their excess houses, or pay 10 times more land tax & rates on each extra house they own. This is simply rationing home ownership so that rich investors can never again buy up numerous houses to run as AirBnb’s, or to simply keep empty, while enjoying 20% investment growth year after year.

Thanks 🙏🏻 for informations 😃