### **Housing Reform: Restoring Fair Access, Productive Ownership, and Improving Affordability**
To ensure housing serves people rather than speculation, ownership rules should prioritize residents and working families over corporations and absentee investors.
**1. Limit non-resident and corporate ownership.**
Primary homeownership should be reserved for individuals and families. Corporations and foreign entities would no longer be permitted to purchase or hold residential property directly. This ensures that housing functions as shelter and community investment—not as a financial asset detached from local realities.
**2. Discourage excessive property accumulation.**
To prevent the concentration of housing in the hands of a few, a **progressive property-profit tax** would apply to additional properties owned by individuals:
* 10% on net profits from a second home
* 20% on a third
* Increasing by 10% for each additional property, up to 90% on the tenth and beyond.
This structure allows moderate ownership but disincentivizes speculative hoarding that limits supply and drives up prices for others.
**3. Apply similar principles to multi-building landlords.**
For apartment developers and landlords, the same progressive schedule would apply—not by the number of apartments, but by the number of separate buildings owned. This encourages **efficient design and higher-density living**, rewarding those who provide housing well rather than simply expanding their holdings.
**4. Broader outcomes.**
These measures would:
* Increase availability of single-family homes for first-time buyers
* Lower speculative demand, thereby reducing housing inflation
* Encourage responsible and efficient rental development
* Realign the housing market with its social purpose: *to provide stable, affordable shelter and shared prosperity.*
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