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jay_kyburz | 1 month ago

Yes, It should be expanded that no company can own residential property, and more importantly, each person can only own one property.

People should go find something else to invest their savings in.

discuss

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cperciva|1 month ago

each person can only own one property.

You're going to need some exceptions. What happens when someone dies and leaves their house to their kids? What if someone's home is temporarily unlivable (say due to a fire or flood which requires extensive renovation) -- do they have to live on the streets?

And that's not even addressing the obvious question of what happens to tenants if there are no landlords.

The problem is supply, not distribution.

jay_kyburz|1 month ago

I think my suggestion would unlock a lot of supply, without expanding our cities or adding to urban sprawl.

Keep in mind, about half of all adults are married, so each couple can own two properties. One to live in, one to rent.

I imagine we could figure out some way to handle inheritance, perhaps we could give somebody 12 months to decide which house the want to keep, and which to sell.

roywiggins|1 month ago

Would that not make rental properties entirely illegal? That seems... complicated

JoshTriplett|1 month ago

There are people who unironically seem to want to do that.

jay_kyburz|1 month ago

I figure many couples would live in one home, rent a second.

The children could have one each too, perhaps only once they reach 18.

I think there would be plenty of rental stock still.

jimbob45|1 month ago

Rental single-family homes should largely be illegal. Short-term housing should be largely limited to apartment buildings and more space-economic structures. Littering the landscape with empty houses only helps bank accounts.

Still, I'm more than cognizant that there must be huge exceptions carved out for any of these ideas.

em-bee|1 month ago

the owner could rent out their own house and rent someone elses.

it does make sense if you want to save a nice retirement home for yourself or a place where you want to raise your children while you work and live somewhere else.

tbrownaw|1 month ago

I think the idea is that nobody would prefer to rent if given a choice, and that everybody could afford to own if not for the presence of landlords in the market.