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Opinion: Ó£ÌÒÊÓƵhomes are for living in, not speculating

There are so many factors at play here, but one thing I’d certainly like to crack down on is housing speculation — not just here, but everywhere.
House for sale
House for sale.

Ó£ÌÒÊÓƵis facing a problem we’ve all known about for some time now.

It has little in the way of living-wage jobs and its housing prices are sky-high.

It’s no secret that much of the town has to commute down to the city or elsewhere to find employment that can actually pay for the cost of living here.

Many people worry about Ó£ÌÒÊÓƵbecoming a bedroom community, but I think that’s already happened.

The jobs that do exist in town are typically service or tourism-type jobs that either barely pay a living wage, offer inconsistent hours, or both.

As a result, my observation is that there’s a rotating door of people here. They come, live here for a while, sometimes a year or two, realize they have no long-term prospects, then move on.

Sometimes, they find jobs in town, but these are often dead-end service jobs that have little to no prospect of career advancement. These types of jobs tend to have a ceiling of pay in the teens or low twenties per hour, and, for some, that’s okay.

Some people are fine living that way indefinitely — in places packed with roommates, in a car, or, for the very lucky, perhaps a rented studio — but in a state of permanent instability.

But many who want to build a long-term life here with stable accommodations are faced with three options — either get a better paying job remotely, commute to work elsewhere, or leave.

As a result, most of the remaining friends I have here either commute or work remotely.

There are so many factors at play here, but one thing I’d certainly like to crack down on is housing speculation — not just here, but everywhere.

Somewhere along the way, a home turned from a place of shelter to an investment vehicle.

As a result, the idea that more inventory — building more houses — will be key to bringing down the cost of housing keeps bumping into one flaw.

If one person can speculate, buying multiple houses or units, inventory will never be able to keep up with the demand. If there are 10 of us, and Mr. Burns buys eight out of the 10 houses — leaving only two homes left for the remaining nine to fight over — do you really think housing prices will go down?

A simple solution? Force people to live in the houses that they buy.

A maximum of one home per person, whether that be a condo, a house, a townhome, or whatever. We just can’t have incredibly wealthy people or corporations buying swaths of units or houses and renting them out for exorbitant prices.

Homes are for living, not speculating, and that’s the way it should’ve stayed.

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