Good question. I didnt think of this. Maybe one needs to make an exception for hotels or something? Obviously this would need to be restricted so residential homes dont get transformed to hotels en masse.
People can only own a few (say, 2) houses (Marriage, death, inheritance, etc. This makes things easier in the long run).
Multi tenant buildings must be majority owned by a tenant co-op, where all tenants have equal say in all building related things and share in the profits This makes sure landlords can’t raise rent without convincing the tenants that it’s worth the price, incentives the tenants to either maintain the property or hire professionals, and makes their rent an investment in their property, just like a home owner
I’m sure there’s holes all over this plan, but I (and some friends) have put thought into this one a bit.
No more vacation homes/apartments?
Good question. I didnt think of this. Maybe one needs to make an exception for hotels or something? Obviously this would need to be restricted so residential homes dont get transformed to hotels en masse.
Corps can’t own houses
People can only own a few (say, 2) houses (Marriage, death, inheritance, etc. This makes things easier in the long run).
Multi tenant buildings must be majority owned by a tenant co-op, where all tenants have equal say in all building related things and share in the profits This makes sure landlords can’t raise rent without convincing the tenants that it’s worth the price, incentives the tenants to either maintain the property or hire professionals, and makes their rent an investment in their property, just like a home owner
I’m sure there’s holes all over this plan, but I (and some friends) have put thought into this one a bit.
And this happens if people interested in the matter start discussing. Thank you for this great addition.