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Thanks for playing along, these are some of the same issues I could think of. I'm thinking of still having private property, just one per person/family as a dw
by 205guy 6y ago
Thanks for playing along, these are some of the same issues I could think of.
I'm thinking of still having private property, just one per person/family as a dwelling, instead of allowing property as investment. You can only own your dwelling: so you couldn't own a house and rent it out while traveling in an RV.
But maybe in this new world, it just makes more sense for the government to own it all and lease it out like social housing. You would pay for a length of lease (1-year, 10 years, 30 years or more depending on how you value stability) and then pay the monthly rent.
My original thought experiment was more steady state: imagine if society had developed along those lines, how would it looked different. Adopting it from our current situation would require a transition. You'd have x years to convert to the new system, and current landlords would need to sell their portfolio. The state might be the buyer of last resort, at a low price similar to a short sale.
For people who are mobile, moving around every few months or years and renters in our current system, the idea of buying and selling property every time seems daunting, so the process would have to be much easier. I think prices would be cheaper due to increased supply, and maybe there ends up being a pool of easy-swappable properties, like rentals now (less fancy, less custom, sparsely furnished, etc.). You also have to cover the case of the move, where you essentially need both properties at the same time.
It would also impact cohabitation and marriage customs, because 2 people could have 2 properties, but married couples only one. But the idea isn't that you could somehow still have a property to rent out, it's that owning and renting out a dwelling is forbidden. There is some process of declaring your dwelling (could be an RV for example), and not being able to own property that is someone else's dwelling (I suppose commercial real-estate is still fair game). Maybe speculation on empty land (dwellings-to-be) becomes rampant as the capital is re-allocated.
In the end though, there's the problem of capital: even small apartments or homes cost more than people's annual income, so it either takes years to get your first dwelling, and where do you live in the meantime. It just seems the economy needs a way to pay for fractional dwelling use, so it's cheaper for those without capital (people who haven't accumulated it yet and people who "choose" not to accumulate). Still a fun what-if scenario, and I still wonder if there is a stable and viable solution.