Nearly impossible to regulate, and too rigid to boot.
Does a duplex count as two? If so that means triplexs higher MUDs are illegal, which will harm low income housing options.
Can companies own property? If so then the problem is easily escapable with a simple LLC. If not, then either existing ones have to be grandfathered, or the housing market is going to be flooded with corporate housing.
The better approach is to increase taxes for non-primary residences. Address the root of the problem rather than legislating it away - if mass-investment of housing is unprofitable, the problem addresses itself.
>Nearly impossible to regulate, and too rigid to boot.
No it isn't.
>Does a duplex count as two? If so that means triplexs higher MUDs are illegal..
Why would it count as more than one? You can own a duplex or triplex or whatever as your primary home, and then you have the option of renting out portions to generate additional income, or fully occupying the entire thing. If you have no plans to rent out units, it would make more sense to convert it.
>which will harm low income housing options.
It will harm landlords who depend on the current system. Low income housing won't be necessary when homes are affordable for everyone.
>Can companies own property?
Not homes.
>or the housing market is going to be flooded with corporate housing.
jjcm|3 years ago
Does a duplex count as two? If so that means triplexs higher MUDs are illegal, which will harm low income housing options.
Can companies own property? If so then the problem is easily escapable with a simple LLC. If not, then either existing ones have to be grandfathered, or the housing market is going to be flooded with corporate housing.
The better approach is to increase taxes for non-primary residences. Address the root of the problem rather than legislating it away - if mass-investment of housing is unprofitable, the problem addresses itself.
NSMutableSet|3 years ago
No it isn't.
>Does a duplex count as two? If so that means triplexs higher MUDs are illegal..
Why would it count as more than one? You can own a duplex or triplex or whatever as your primary home, and then you have the option of renting out portions to generate additional income, or fully occupying the entire thing. If you have no plans to rent out units, it would make more sense to convert it.
>which will harm low income housing options.
It will harm landlords who depend on the current system. Low income housing won't be necessary when homes are affordable for everyone.
>Can companies own property?
Not homes.
>or the housing market is going to be flooded with corporate housing.
Good.