4 ms·
a clause for immediate reclamation of non-resident-owned properties through eminent domain would all but guarantee a ruling that the legislation is unconstituti
by replygirl 4y ago
a clause for immediate reclamation of non-resident-owned properties through eminent domain would all but guarantee a ruling that the legislation is unconstitutional. current landlords would certainly be grandfathered in and, if we're lucky, maybe new leases would be banned and existing tenants would be guaranteed right to purchase units at appraisal. it'd be a similar story for non-resident investors without tenants, except in their case they'd be entitled to hold indefinitely.
- maxerickson 4y agoJust tax em, no need to seize anything. People aren't going to stay invested in things that are clearly going to lose them money on an ongoing basis. You can even phase it in over time. That said, I think working on creating more housing is a better idea than making a bunch of rules about who can own existing housing.
- thebradbain 4y agoI agree building is the only way out, I just think it’s a fun (but absurd) thought experiment