Canada

I agree with you that subsidised housing should be owned/managed/maintained by the government, since it is supposed to be composed "of the people, by the people".

I would worry that many slumlords would take issue with the government undercutting their business model, and conservative voters would rally around the idea that they "don't want their tax dollars" paying for someone else's housing. So getting the legislation in place to get this going may be difficult.

In addition, I suspect some conservative "leader" would come along and sell off the entire subsidized housing/management government system to the private sector, framing the whole thing as a "drain" on "the system" (meanwhile, public funds would likely benefit from the program, rather than the other way around). That way they can sell off property en masse to their real estate mogul buddies so they can hike rent and turn a profit (which would likely end up coming from public funds so that the housing can remain subsidized), achieving the opposite of what they said the change would accomplish....

I've been watching this circus long enough to be cynical about what the outcomes will be, both short term and long term.

And this is why we can't have nice things.

I know a lot of people have summer cabins and whatnot, so I wouldn't want to really crank up the costs until you have 3+.

I figure anyone rich enough for three homes for themselves can afford the extra costs, and anyone looking to buy a home as an income property will get fuckered.

At least, that's the idea.

If someone wants to buy one home for themselves and one to rent out, that's acceptable losses IMO. It at least limits how many homes are going to become rentals.

But I'm being silly. I'm addressing the underlying issue of people buying up all the affordable housing so they can rent it out at a premium... That's not what the government wants to do. They want to give money to their construction contractor buddies, who can give a small discount to their property management buddies who will buy up all the homes and rent them out.

Everyone wins in this situation.... You know, except the poors.

But who cares about the Poor's. They only pay for everything through taxes because the rich can afford to dodge all the taxes they would otherwise have to pay, and we have no wealth tax, so they're getting away Scot free, and the rest of the population is left footing the bill.