"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
You could make every one an HOA and have it be condos.
Honestly I don’t think outright prohibition of companies owning buildings is good, but there needs to be a better mix of ownable housing units to rentable ones. There also needs to be better anti-trust enforcement so that three companies don’t own and price control nearly all of the housing in a city (I think there’s maybe six companies in my city that own almost all of the apartment complexes).
They should mandate that a certain subsection of newly zoned housing be owned by people instead of corporations. It would be a much better, much more competitive market for housing if it were possible to own apartments because you could get small time landlords in those buildings as well as people that own their places outright.
My bad I thought residential prop meant single family homes.
But I didn’t say anything about who should own apparements. My only point was when people refer to residential property that refers typically to single family homes and is likely what op is referring to as well.
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You could make every one an HOA and have it be condos.
Honestly I don’t think outright prohibition of companies owning buildings is good, but there needs to be a better mix of ownable housing units to rentable ones. There also needs to be better anti-trust enforcement so that three companies don’t own and price control nearly all of the housing in a city (I think there’s maybe six companies in my city that own almost all of the apartment complexes).
They should mandate that a certain subsection of newly zoned housing be owned by people instead of corporations. It would be a much better, much more competitive market for housing if it were possible to own apartments because you could get small time landlords in those buildings as well as people that own their places outright.
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Nope. https://www.masterclass.com/articles/residential-real-estate-guide
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My bad I thought residential prop meant single family homes.
But I didn’t say anything about who should own apparements. My only point was when people refer to residential property that refers typically to single family homes and is likely what op is referring to as well.
It’s literally the most residential of all possible properties, what are you talking about?
Already apologized, look farther down.