alt Hacker NewsBan corporate ownership of residences. Only individuals, Coops or condominiums. Cap how many rentals an individual can own.
The government should also build massive amounts of housing. Everywhere of all types - apartments, townhouses, single family. After built transferred to the residents as coops.
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I love that there are people that can't even conceive of the idea that entities that let out apartments are providing a service to residents. In their view, the natural state of every resident is a desire to own their home.
A fun knock-on effect of this policy proposal: it would effectively halt all new development of dense multifamily.
It's interesting to think of the second-order effects of this. If these corporations can't invest in housing, they'd direct their money elsewhere. Maybe we'd see a stock market or commercial real estate boom. Maybe a proliferation of new ventures.
> 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
> 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.