Corporations shouldn't be allowed to own residential properties. Period.
> Corporations shouldn't be allowed to own residential properties. Period
Congratulations, you just ensured zero new housing creation in our cities. (Co-ops are corporations.)
I am currently suing a former residential LLC in small claims court. Going on three years, now...
Justice is not blind. Both sides make this so difficult. And expen$ive!
Sorry, but this is just a bad idea. It's classic populist slop.
The biggest driver in housing prices is under supply. The main source of under supply is individual home owners who consistently vote against good zoning to protect their economic interests.
Corporations do not have the votes to strangle supply like individuals do.
For every complex and difficult problem, there is a simple, easy and wrong solution.
If corporations can't own residential properties, how would anyone rent a house? How would home builders build model homes? How would Trusts manage real estate?
This is a complex and nuanced problem.