Global Finance Has Housing Needs Too – Cities After…

1. Cities and communities need to trippple tax long term vacant homes.

2. 100% – American cities must go the way of Berlin and adopt Enteignung.

3. Acuerdo con Marina. Saludos.

4. I thought this was always the case. Banks, RE Brokers, Appraisers, Towns and Cities that tax on property values, it's only about making money. The American people have been sold on this one way to make real money, invest in real estate. If it wasn't only about making money, it wouldn't be American capitalism.

5. Commie logic… They identify who has what they want…or need…===>>>..ie "rich" people…. then demonize them…like saying profit is theft…..or the rich exploit poor people.. so then that justifies stealing their property…… There ya go…Marxism in a nutshell..and Bob's your uncle…

6. Communist China is a better invironment for ♥
   Capitalism. Her people is made as capitalist's work force, guided by the communist government. By offering government resources as free : dormitory , electricity, water, and transportation.

7. I think it’s a great place to hide $2-$60M and get a tax break! 4:43

8. The market just is not into "The People". Commodification & Financialization of Necessities is Killing Us.

9. Housing must not be a profitmaking business. Like any infrastructure, it must be a government built enterprise. Providing shelter is a social good like freeways, parks and streetlights. Apartments must be provided at truly affordable prices, no more than a third of income on a sliding scale, and must be built quickly and not so minimally as to be unliveable long term. After WWII individual homes were built quickly and affordably and many apartment projects also were constructed at reasonable cost. The will to build and finance dwellings was there. The mechanism to accomplish the task was invented with the GI Bill. Fannie Mae and Freddy Mac were invented for financing the program. If our government wanted this as a social good and deemed it a necessity government built and run apartments would happen.

   But a better idea is government built and occupant owned and run cooperatives. They would be occupied but not passed down to subsequent generations. They would be owned and maintained for a lifetime and then be occupied by new tenants. The housing stock wouldn't be used to build personal inheritable wealth, but rather to protect and shelter individuals and families until there was a vacancy and someone else needed the place, or the building required major renovation or replacement. If this were the situation everywhere people could still move when they wanted to and be assured of finding an affordable place to live. People would learn to cooperate with neighbors because they have a stake in how the coop is run and maintained over time. People would not be homeless because shelter with care for those who need it would be available. Necessary conveniences would be available to everyone as needed too, such as walkable neighborhoods with grocery stores, laundry facilities, schools and shops incorporated into these complexes along with nearby public transportation.

   Currently, luxury dwellings are built that way but affordable, liveable units are neglected. That's because profit is the reason housing is built and maintained, or perhaps as is often the case not maintained to increase profitability. Shops crop up where profit is greatest, and lately, online shopping is replacing neighborhood shops. But convenience is missing. Being able to drop by a green grocer for fruit on the way home, or stop in to get a haircut at a neighborhood barber or hair salon is a sad loss in many places. Planned communities would make our cities much more liveable and attractive and it all could happen if politicians decided that housing is a necessity. Our towns and cities would be places that people respected because they would be living in these places for long periods. The churn that occurres in proft making apartment communities would be eliminated. As the system works now, when the rent becomes unaffordable, because wages are always behind rents, the whole building occupancy changes. There is no sense of community or community responsibility because we are at the mercy of the owners. We have little control over our lives and living conditions. Profit drives the system, not convenience, affordability and cooperation. What we have now is unworkable. It does not fulfill human need for shelter, convenience and community.

10. I love seeing 2_3_4 million dollar homes, next to/across from houses about to be condemned for dilapidation. It warms the heart to see the working class literally forced out of their own existence.

11. Me encantaría que hicieras estos podcast en español para abrirle los ojos a la gente.

12. Our vacant home has a pool that is always heated.

13. Veterans deserve a home. Drug addicts don't deserve a home. These NYC, luxury properties are vulgar.

14. Democracy is an illusion

15. The construction of multi-million dollar skyscraper apartments has no connection whatsoever to the "housing crisis" we're worrying about. Those 'dwellings' are created as investments for the uber-rich, mostly not even to be lived in, and have no relation to housing for normal people. The fact that Miguel feels that what we should be doing is confiscating the wealth of the uber-rich in order to subsidize "affordable housing" is basically a political/philosophical position that represents his personal ideology.

16. This is an excellent program. Thank you.

17. Abolish landlords

18. Lol thumbnail typo

19. Another problem which is in same basket as housing. And that is overpopulated areas, like whole New York City, NJ, LA, SD (probably) SF, Chicago, …..

20. We need more AFFORDABLE housing. We have enough vacant housing to house all of our homeless people.

21. In a profit driven economy the point is not to produce and distribute goods and services. In a profit driven economy the point is to do so at a profit. So, instead of a simply producing and distributing goods and services to a given population, a competitive, profit driven, economy has to create a whole system of inefficiencies just to keep track of who is winning and losing… and to enforce the results.

    Winning and losing is not a necessary part of producing and distributing goods and services. Insisting upon having winners and losers is a result of who it is that sets up and maintains economies. And, in fact, it changes the actual definition of what an economy is actually intended to do. A market economy is a way of producing and distributing goods and services so that an ever smaller group of people can own an ever larger share of what is being produced.

    It's the addition of competition and profit that change a rational system into a tyrannical one.

    And the kind of people that set up governments and market economies prefer tyrannical systems.

22. Nobody said if you build enough houses the price will decrease. If you have a source, I'll accept that at least one person said it. Building enough housing will only slow the ascent of rent.

    The only built rich people housing because the financial crisis clogged up the financing pipeline with junk that doesn't disappear for 30 years. The upper income loans do not carry the same risk. This problem could be solved by the government backing loans.

    40k vacant subsidized units does sound suspicious. I wonder why this is?

23. Houses that remain empty for more than 6 months have to pay a tax in my country. I believe the tax also increases when the property has stayed vacant for longer, so after 1 year, 2 years, … Unfair? It prevents waste. Building put a strain on the environment. Land has a use, it's being planned, use for living, agriculture, … And when the use is for living, someone is expected to actually live there. This tax also provides honest competition in the market: price too high and nobody can afford? Have to lower or get taxed. Justice!

24. 😢

25. All rentals should be taken away from landlords and considered open for people to live in. No more rent or die. Fu-ck capitalism

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