this post was submitted on 23 Feb 2024
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Has that "absentee owner" law (or whatever the name is) taken effect yet? Do you think it will help?
Nothing will help unless they ban the ability to own multiple properties. Policies such as the empty homes one have intentional loopholes
The current government is trying to add things fairly quickly, the absentee owner law is in effect, and they did just add another 20% 'flipper' tax. As mentioned though, people still own way too many houses. My current landlord owns 7.
To add to this, theyβre banning mass AirBNB rentals which should help. But yes, banning ownership of more than 2 properties would surely help most.