8 ms·
If companies can't own houses, and people can't own more than their primary residence, where should renters live?
by saddlerustle 4y ago
If companies can't own houses, and people can't own more than their primary residence, where should renters live?
- _8j50 4y agoPeople can own multiple residencies, they just can't sell them at more than 3-5% profit. Corporations can't own residencial buildings if they are single family units but for multi-family properties, so long as it is being offered as rent/lease/purchase that should of course be allowed. I was focusing more on single family units but you are right to highlight that.
- saddlerustle 4y agoPlenty of people rent single family units.
- _8j50 4y agoYes, and that should be allowed so long as the landlord is an individual.
- UncleEntity 4y agoThat would seriously restrict supply because once people bought a house with the intention of renting it out they would never sell due to the price control. Just like an entailment, this property can never leave the family line.
- _8j50 4y agoSupply should come from new housing right? People selling their house to move to another house is a transfer of propery not generating supply.