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Ban commercial ownership of residential properties. That's the headline, but more complex to implement than the headline. To be able to fund and build large res
by dv_dt 4y ago
Ban commercial ownership of residential properties. That's the headline, but more complex to implement than the headline. To be able to fund and build large residential apartment or condo complexes, you need cities to be able to charter projects and hand them off to tenant ownership or renters associations.
- kansface 4y agoWho puts up the money to do the projects? Which party eats the losses? How would this actually result in more housing?
- kelseyfrog 4y ago> Who puts up the money to do the projects? Individuals, or lenders through financing. > Which party eats the losses? Lenders > How would this actually result in more housing? Really interesting in how this would be modeled.
- rootusrootus 4y agoWhat about folks who don't want to own? Renting has upsides and some people actually prefer it.
- kitsunesoba 4y agoSmall time (e.g. 1-2 extra properties) landlords would still exist.
- dv_dt 4y agoThe city could own housing managed by renters associations