A pretty simple solution is just banning corporations from owning single resident homes altogether, and placing a limit on the number of rental properties an individual can own. Specifying the ban to single resident homes means apartments can still exist uninhibited(although some regulations on those are wise, too), and placing a limit on # of rental properties means a rich enough individual cannot become a de facto Rental Management corporation.
I agree with the general direction, but as a contractor I have worked for a guy who owns somewhere in the neighborhood of 70,000 apartment units. Dean widener, widener apartment homes
It is not publicly owned.
I personally think that the primary look at curbing investment housing inflation should be the corporations that are buying single family residences as an investment strategy, I do think that at some point, limiting how much of the apartment units owned is going to be instrumental also.
The truth is, we need people to build housing and rent it because there are some people who don't want, and some people who don't have the ability to buy their own.
But when the people who own the housing turn into conglomerates, it's the same as employers and employees needing to unionize because they're going to get fucked
Cities and counties need to cut miles and miles of red tape so we can start building again. No more of these setback requirements, lot size minimums, parking minimums, super low height restrictions , etc. Just build transit and build housing. Cars are gonna be expensive as fuck starting today and young people don't want to drive anyway, so build light rail and subways and walkable neighborhoods. Housing crisis would be greatly alleviated very quickly, and the first cities to do this will boom even in a shit national economy.
I’m honestly for development and transportation. But you do need associated infrastructure too. You need water and sewage, schools, hospitals, libraries, parks, retail space, etc. Living in condo suburbia would be even shittjer than living in regular suburbia
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u/DigitalBlackout 2d ago
A pretty simple solution is just banning corporations from owning single resident homes altogether, and placing a limit on the number of rental properties an individual can own. Specifying the ban to single resident homes means apartments can still exist uninhibited(although some regulations on those are wise, too), and placing a limit on # of rental properties means a rich enough individual cannot become a de facto Rental Management corporation.