Personally I feel people and especially corporations/REITs do not have the right to hide what real estate they own. Sure put it in a trust, but the public has the right to know who controls it.

> common practice of having a self-owned LLC owning your home. This is common for the purposes of keeping your personal name out of public records

I have a hard time believing lots of people care to do that - not many take steps for privacy - or have the resources or time to setup an LLC.

Houses are also put into revocable living trust to avoid probate when kicking the bucket.

> a self-owned LLC owning your home

Trusts are in the same boat. If you're using the LLC as a pass-through, these restrictions won't apply to you unless an orange cat is charged with drafting.

Owning your family home through an LLC, depending on your state, is often a bad idea.

There are generous protections in most states for your personal home that you lose if it's owned by an LLC. This includes things like a homestead exemption in bankruptcy protection.

In Florida, for example, there are better options to keep yourself anonymous. Florida has something called a land trust [1].

[1]: https://www.jimersonfirm.com/blog/2024/04/understanding-the-...

Is it not public in the US who owns a company?

There has to be some nuance. Companies are known to either rent of sometimes own housing for personnel who travel to other offices. Universities typically own housing as well. So maybe it’s something like it can’t be one of the main businesses of the corp to buy up residential housing as an investment tool.

Maybe they can just own one?

Why should you be allowed to create a corporation that has no actual purpose other than a shield for your own private concerns?

So basically you want to give a loophole for Wall Street to cosplay as regular people.

No thanks.