You’ve just killed any ability to rent with that. Renting is very important as a lot of people do not want to overhead costs of fixing everything that breaks.
Good. Housing should never been an investment. HUD or The New Communist HUD that we are writing into the Constitution will own all non-private primary housing stock and will ensure that at least 10% more capacity then is needed exists in every metro area.
It’s not because we have yearly growth, and housing needs elasticity for people to move in and move out over the years. Plus it’s no where near as wasteful when you consider the AirBNBs that plague metro areas that are vacant greater then 50% of the time. Of course those will also be reclaimed by the New Communist HUD as well.
Companies shall not own Residential Property under any circumstance.
Companies with Vacant Comercial Property beyond a certain time (1 year maybe?) after the last long term Lease (5 years?) have to prove an effort in filling the vacancy or face 20%(?) of the properties value as fine per year of vacancy.
That ought to fix the property market imo. Values debatable but general idea should help fix things.
Housing should be affordable, and never sold as an investment
Housing is a human right. Along with access to food, nutrition, healthcare and education.
And water + clothing
You’ve just killed any ability to rent with that. Renting is very important as a lot of people do not want to overhead costs of fixing everything that breaks.
Good. Housing should never been an investment. HUD or The New Communist HUD that we are writing into the Constitution will own all non-private primary housing stock and will ensure that at least 10% more capacity then is needed exists in every metro area.
That’s not what was originally written though. Also, 10% more capacity than is needed sounds very wasteful.
It’s not because we have yearly growth, and housing needs elasticity for people to move in and move out over the years. Plus it’s no where near as wasteful when you consider the AirBNBs that plague metro areas that are vacant greater then 50% of the time. Of course those will also be reclaimed by the New Communist HUD as well.
Unfortunately, some people think their way is the only way and won’t open their minds to people wanting different ways to live (own, rent, etc).
There’s nothing wrong with renting but some people demonize it for no reason.
I rent a house with the option to buy it. I’ve watched the owners spend at least 20,000 USD in 2 years on repairs. No thank you!
Companies shall not own Residential Property under any circumstance.
Companies with Vacant Comercial Property beyond a certain time (1 year maybe?) after the last long term Lease (5 years?) have to prove an effort in filling the vacancy or face 20%(?) of the properties value as fine per year of vacancy.
That ought to fix the property market imo. Values debatable but general idea should help fix things.