Should be illegal to own more than two homes honestly. Especially if you’re using them as rental properties. You should get one rental property and that’s it. The rest must be residence
Just make it illegal for businesses to own real estate, or participate in real estate markets of any kind outside of strictly regulated commercial areas.
Also make laws that protect home owners not banks… The list goes on… Nationalized food production, making it illegal for incorporated cities to have more than a very small number of homeless.
This would be a much better policy than OP’s “over 10”, since 82% of investment home purchases in Q2 2023 were to those with 9 or fewer houses. Investment purchases made up about 24% of all home purchases.
It’d be tough finding rental properties in cities with apartment buildings. Or you’d have mishmash of owners which could make it harder to deal with them and possibly get them built.
Definitely would be interesting seeing how the market would deal with it.
Should be illegal to own more than two homes honestly. Especially if you’re using them as rental properties. You should get one rental property and that’s it. The rest must be residence
Just make it illegal for businesses to own real estate, or participate in real estate markets of any kind outside of strictly regulated commercial areas.
Also make laws that protect home owners not banks… The list goes on… Nationalized food production, making it illegal for incorporated cities to have more than a very small number of homeless.
This would be a much better policy than OP’s “over 10”, since 82% of investment home purchases in Q2 2023 were to those with 9 or fewer houses. Investment purchases made up about 24% of all home purchases.
It’d be tough finding rental properties in cities with apartment buildings. Or you’d have mishmash of owners which could make it harder to deal with them and possibly get them built.
Definitely would be interesting seeing how the market would deal with it.
the market is dealing with it by enriching a few landlords at the expense of a small army of homeless people in a given metropolis
I’m talking about the proposed limit