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Tangential to this: In Norway and Denmark (as the only countries AFAIK) there are laws stating that a unit needs to have inhabitants. Ie. it can not sit still o
by madsbuch 3y ago
Tangential to this: In Norway and Denmark (as the only countries AFAIK) there are laws stating that a unit needs to have inhabitants. Ie. it can not sit still on the market. If the owner does not live there, he has to rent it out.
It baffles me, that this is not a general rule as it forces fair market prices for a illiquid supply (it takes time to build new housing, if it is even possible).
In this case you'd just complain that a company keeps units vacant to the municipality who would fine the company until it is brought in order.
- distances 3y agoBerlin has similar legislation. I doubt there's much enforcement about it, I would imagine that someone has to file a complaint or something before anything happens for an empty flat.
- amsterdorn 3y agoWould be a highly effective way to increase housing supply, but this would favor people over govt/big firms & that doesn't happen in the US (sadly).
- dublinben 3y agoDespite what is going on with this rent price collusion situation, the problem that high priced cities face is far too few vacant apartments not too many. The vacancy rate in some places is as low as 1-2%, which is much lower than it should be.
- madsbuch 3y agoOh yes, I completely agree. These are also issues in both Oslo and Copenhagen. But having rules like this removes some speculation.