Here’s an affordable housing plan that’s already working

We live in a society that has normalized the ownership of second homes; millions of Americans have them, including my own family and friends. However, from the standpoint of what is good for the overall community, wouldn’t it make sense to tax investment homes as the luxury goods they are and use the revenue to provide housing that is affordable for all residents?

A community that provides decent housing and prevents people from being houseless benefits everyone, even investment homeowners.

In fact, communities across the country facing housing shortages are taxing themselves to pay for affordable housing to ensure that everyone has at least one home they can afford.

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Kenna StormoGipson

Kenna is the former Housing Policy Director for Hawaiʻi Budget & Policy Center.

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