2 ms·
People 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
by _8j50 4y ago
People 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.