Well, I disagree with that, and if I can get enough people to agree with me, we can pass laws to make it unprofitable for people to buy out housing and have it sit empty.
Also known as passing laws to impose a penalty on unwanted behavior. Just as GP mentioned - vacancy tax.
That's how the country works. It all depends on who has more people in agreement, and can make more of a rallying cry (and has moneyed interests on their side).
(I'm also in favor of land value tax as opposed to property tax to encourage productive use of land. And severely relaxing zoning restrictions)
Also known as passing laws to impose a penalty on unwanted behavior. Just as GP mentioned - vacancy tax.
That's how the country works. It all depends on who has more people in agreement, and can make more of a rallying cry (and has moneyed interests on their side).
(I'm also in favor of land value tax as opposed to property tax to encourage productive use of land. And severely relaxing zoning restrictions)