5 ms·
Implementation will be impossible. People will just own other properties through holding companies.
by bismuthcrystal 4y ago
Implementation will be impossible. People will just own other properties through holding companies.
- blibble 4y agoeasy enough to block that with a restrictive covenant too
- mihaic 4y agoHypothetically, why can't you only allow private individuals to buy houses in a residential area? I honestly see no real issue with this in many communities.
- sidlls 4y agoRegulations can be made that prohibit ownership of residential properties by companies with certain structures, require that these companies list the true beneficial owner(s), etc. There will always be loopholes and attempts to find them, but that shouldn't necessarily be a deterrent to taking action. About 70% of my investment income comes through indirect and direct ownership of residential and commercial property. It's just too easy for the wealthy to come in and buy up properties to price others out.