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> Ban corporate ownership of residences. Only individuals, Many/most corporate owners are individuals (as per the linked report). See my comment here: https:/
by BeetleB 11mo ago
> Ban corporate ownership of residences. Only individuals,
Many/most corporate owners are individuals (as per the linked report). See my comment here:
https://news.ycombinator.com/item?id=46208561 https://news.ycombinator.com/item?id=46208561
> Cap how many rentals an individual can own.
Yes. Cap to 0. Until we get data on the breakdown (what percentage of rental homes are by owners who own 1, 2, 3, etc), we don't really know. It won't be easy to determine because a lot of RE investors create a new LLC for each property they own.
- jjav 11mo ago> > Cap how many rentals an individual can own. > Yes. Cap to 0. That is saying let's eliminate rentals entirely. If nobody can own a rental, there can be no rentals. Some people do prefer to rent. I wouldn't, but I know people who truly prefer that.
- BeetleB 11mo agoLet's elaborate to: Cap condominiums and detached houses to 0. Apartment complexes is how people should rent. It is, of course, an extreme scenario. As I said, this is absent good data. If we get a sense of the impact one would have if we limit it to 1, supported by data, sure - cap it to 1.
- jjav 11mo ago> Apartment complexes is how people should rent. Why would you get to decide that? Some people like to rent single family homes. Some because they have a large family. Some because that's just what they want. It's not ok to tell them they can't do that and must be forced to live in an apartment.