3 ms·
I think the real solution is limiting the number of rental properties any corporation (including sub-companies) can own. I also think similar should apply to f
by tracker1 3y ago
I think the real solution is limiting the number of rental properties any corporation (including sub-companies) can own. I also think similar should apply to foreign nationals. I think these limits can probably be based on the class of property as well.
I would combine this with the FTC possibly looking into management companies as well. Preventing any management company from controlling more than say 5% of a given area.
The issue is larger organizations and property management companies effectively "testing" for the max pricing in every given area and in turn leading to ever increasing prices. It's a feedback loop that doesn't have brakes on it. Bring ownership closer and more distributed and there can actually be competition.
Just my $.02 on this.