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Are you advocating for the abolition of apartment buildings and hotels? What would that look like? Super low density sprawl because nobody will spend the money
by brookst 3y ago
Are you advocating for the abolition of apartment buildings and hotels? What would that look like? Super low density sprawl because nobody will spend the money to create a multi-unit building they’re not allowed to rent?
- michaelt 3y agoOne option is the apartment building and land are owned by a company, and the company is 100% owned by the owners of the apartments. But yes, it's true that many people who dislike rent may be happier owning a single family home. After all, the apartment building will inevitably come with some sort of political process to decide things like how much this year's residents ought to put aside ready to replace the roof in a decade's time. And while such payments may not technically be rent, they'll smell very similar.
- nurple 3y agoThe units in a multi-unit building can also be sold; they're called condos. But of course selling a condo wouldn't allow a landlord to rent seek in perpetuity.