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Suppose a large, publicly listed real estate investment trust (REIT) owned a diversified portfolio of housing across the country and operated it all as rental h
by xapata 4y ago
Suppose a large, publicly listed real estate investment trust (REIT) owned a diversified portfolio of housing across the country and operated it all as rental housing. Tenants could buy shares in the REIT and thereby invest not only in their own house, but all the others as well. Less risk and more flexible than home ownership.
The downside for tenants is not being able to renovate. The upside is not being responsible for maintenance.
- bugglebeetle 4y agoImagine the state did this instead using taxes and eminent domain. Congrats, you’ve invented Vienna, one of the most beautiful cities in the entire world.
- andromeduck 4y agoHong Kong too.
- xapata 4y agoI'm not familiar with this program. Could you give me a few keywords to search for, so I can learn about it? > using taxes Is it a tax credit? The key is allowing tenants to invest and get dividends from the portfolio, which they can then use to pay for rent (or whatever they like).
- bugglebeetle 4y agoThey key is to make housing incredibly affordable, such that it has no real overall impact on people’s wages or upward mobility: https://www.politico.eu/article/vienna-social-housing-architecture-austria-stigma/ https://www.politico.eu/article/vienna-social-housing-archit...
- deleted 4y ago[deleted]