this post was submitted on 19 Mar 2024
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Abolishing corporate ownership is stupid. What does that even achieve?
If you trying to fix the housing market this is completely the wrong way to go about it. The issue is the value of the land isn't correctly valued. Things like LVT, density minimums (increasing with population growth), good rail links again with dense redevelopment near the stations.
Things like this will fix the housing market.
Unless you worried about landlords being dicks you just need better laws. Like what are you actually trying to achieve? I don't get it.
https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html
I'm going to add "Land value tax" to v4.
But there still isn't enough houses. I don't see what difference banning corporate ownership does. The issue is supply of housing and demand being proped up by immigration.
Banning corporate ownership doesn't fix supply or demand.
If I move to another city and want to rent a house for a year what do I do then if corporate ownership is banned? Rent a second house of someone? It's just going to change who is renting.