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.
I think there should be some leeway for people who own one home, but want to temporarily live in another city, so they rent their home while living in another rental property at the other city.
I have extended family that fall into “lower-upper class” but also know their income has an end date (comes from a lucrative career). They saved up and every time one of their kids turned 18, they bought a house to use as a rental property with a “just in case, my child will never end up homeless” gameplan. Not a huge cash expenditure for them and not a huge profit center, it bought them peace of mind a WHOLE lot cheaper overall than adding an apartment to their house for him to move back into as an adult.
I always found that reasonable, and it did in fact keep them from ending up with a basically homeless 30-something.
Easy solution in my opinion:
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.
Sounds great. When do we announce our international party to our voters?
You do what you want, it’s your cabin
I think there should be some leeway for people who own one home, but want to temporarily live in another city, so they rent their home while living in another rental property at the other city.
I have extended family that fall into “lower-upper class” but also know their income has an end date (comes from a lucrative career). They saved up and every time one of their kids turned 18, they bought a house to use as a rental property with a “just in case, my child will never end up homeless” gameplan. Not a huge cash expenditure for them and not a huge profit center, it bought them peace of mind a WHOLE lot cheaper overall than adding an apartment to their house for him to move back into as an adult.
I always found that reasonable, and it did in fact keep them from ending up with a basically homeless 30-something.