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My policy preference for both commercial and residential real estate is that all rental contracts must include a 1% ownership transfer per year. That way if you
by spoonjim 5y ago
My policy preference for both commercial and residential real estate is that all rental contracts must include a 1% ownership transfer per year. That way if you rent a place for 20 years you own 20 percent of it. Yes it will shrink supply on the margins and maybe there needs to be some carve outs but I’m sick of seeing restauranteurs etc make a neighborhood cool and then get kicked out with all the value having accrued to the landlord.
- aidenn0 5y agoDoes that mean that if you rent a place for 51 years, you have a controlling interest and can set your rent to zero?
- spoonjim 5y agoNo, when multiple people own an asset the controlling shareholder generally has to act in the interests of all shareholders. The way this might work is that the minority shareholders would be paid out on a property sale.