3 ms·
Yes, I think it would be a good idea to cap how many properties can be owned (at an amount reasonably high per private individual, but low for companies) althou
by fritztastic 4y ago
Yes, I think it would be a good idea to cap how many properties can be owned (at an amount reasonably high per private individual, but low for companies) although of course those intent on being real estate tycoons will find loopholes. I think, like many issues, this would best be implemented locally first. If a city/town has people who want less residential properties controlled by a few big owners (either for rent or to flip) they can demand their elected officials do something about it. Trying to enact broad change federally or even statewide casts too broad of a net with big holes that more likely than not would make it difficult for smaller owners to be able to do things but would most likely leave the international corporations only slightly inconvenienced. There really is no one solution that would be both effective and realistic but I do think it is very important for people to understand and discuss this topic, and not rely on assumptions. The market has changed drastically over time, as has public perception, and it's actually a lot more complicated than just "fill empty homes" and "foreign investors are owning all the houses".