Corporations have no business buying residential property

Many mutual funds and retirement funds are investing in Real Estate to generate revenue. Check your mutual funds and retirement funds. Divest now!

I agree for Single Family Properties, but I do think there is a place for medium to large apartment buildings. There is a need for short- and medium-term housing and renting from a professional company has always been more convenient and less stressful than renting from a private owner.

I also think that this will never happen due to mortgages.

Id go further and say that a person is not allowed to buy more than one residential property.

My neighbor just sold their house. It’s just a really small run down house in a suburban area but it’s in a very high cost of living area. They had one family offer 1.3, but they turned that down because they said it wasn’t enough. The real estate company had other people come in but no one offered enough money, so the real estate company ended up buying it for 1.3 and is currently gutting and flipping it. I’m furious that my neighbors sold it to the real estate company for the same amount of money that an actual family would have paid, but also that houses are already so ridiculously expensive and the real estate company’s concern was that 1.3 million for a two bedroom one and a half bath isn’t enough money.

(This is much less of a big problem, but I’m also annoyed that the construction on the house is a seven day a week event that starts at 6:30 every morning despite the fact that legally construction can start at 8:00 on weekdays and 9:00 on weekends.)

And nimbys should not be allowed to artificially limit housing

I promise you. We could ban corporations buying single family homes *tommorow* and house prices will still be skyrocketing.

**Housing cannot be affordable and an appreciating asset at the same time**

If your house price goes up, then the price of housing goes up everywhere at the same time. If housing gets cheaper, so does your house.

The key factor is every single American thinks the only possible way that real property can be owned by working class people is in the form of a huge 1200+ sqft deed restricted single family home in a suburban neighborhood.

Our zoning laws have made so many real estate products illegal and others are only known as “income producing properties” that are only availible as rentals like duplexes and multiplexes

There’s so many housing types we can build. There’s so many different types of neighborhoods. There’s so many different types of shelter.

I promise you until our land use laws change dramatically, nothing will stop housing from being to expensive – Corporations or not.

Agreed

My family farm is a corporation. There are three generations of houses on it.

Forget it. This is Trump’s era.

They are doing that in LA now buying bunch of land recently affected by the fire. They outbidding everyone.

Corporations owning residential property isn’t the reason housing is unaffordable. It’s unaffordable because there’s not enough housing where people need it due to single family zoning. You could enact the policy and absolutely nothing would change.

Owner- occupied rates and ordinances would help.

REIT should be outlawed.

Only one way to deal with it 🔥🔥🔥🔥🔥

Just another thing that will be allowed and normalized, like how the definition of medical necessity has been removed from the hands of our doctors

That’s one of Musks goals under Trump. We thought buying a home was hard now..

Half my block is bought by suburban individuals and rented. The houses are quite neglected