Corporations have no business buying residential property
Wednesday, 12 Mar 2025
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Corporations should not have the same legal rights as flesh and blood people.
Make it a law please
Makes sense.
Housing should be definanced step by step. Having lots of houses isn’t really different than hoarding bread when there’s a shortage of it.
Instead of banning it, just introduce land value taxes. They’ll stop immediately.
I don’t understand this – is it an American thing where companies will buy single homes and keep them to rent out? In my country, if a company owns a residential property it’s because they are redeveloping it into an apartment block or mixed use housing project. I don’t think I’ve ever seen or heard of a company buying a normal house and doing nothing with it?
I know that in my city there are some companies with government subsidiaries that buy property and build affordable homes and social housing.
I take it this kind of argument though doesn’t apply to that sort of thing? Or does it? Can someone explain it to me?
That’s idiotic
When China says real estate should not be a speculative investment you know we have a problem…
Group homes for people with special needs should be an exception.
What does this have to do with anticonsumption?
I think there’s one exception for that and that being cheap or free housing for company employees. That used to be a thing that companies would provide
File this under “stupid things progressives say that there is no basis will reduce housing prices.”
You know what would reduce housing costs? Not protesting every new damn development.
Progressive activists are very much at fault for stopping building of new things across America.
They’ll never admit it because their high horse is so high that if they fell they would never walk again.
So nobody here wants to rent a house?
How would apartments work?
I’ve actually lived inside a corporate residential property. They were actually really cheap and fairly conferable, well build and overall a good experience. The catch? The corporation was a non-profit and their only goal was to house as many people as cheap as possible. We should be against the commodification of residential property, whether it be by a corporate landlord or by private small time landlords and not against corporate landlords per se.
This practice is ruining parts of Baltimore. They just sit there deteriorating while some far away company sits for 25 years and waits. They aren’t even rented.
How do you plan on handling large multi-tenant buildings?
The reality is that increasing density to decrease transit times means more mixed use, and for more mixed use to become viable we will need entities with access to lots of capital (large buildings are very expensive to build or renovate).
I think instead we should severely limit the amount of single family housing we allow to be built, then pass rules around what percentage of units can be pure rentals and what percentage must be condos (that you purchase and pay a building association fee). We should then encourage people to move into town.
I live in a county of about 80,000. I live inside city limits in the county seat, which houses about a third of that. There absolutely is the space, if we built vertically, to house the entire county within the current city limits. If we did that, then the power company wouldn’t need to run power out to the middle of nowhere, we wouldn’t need so many roads running all over, we wouldn’t need to worry about getting internet infrastructure out to the middle of nowhere, there would be one sewer and water system so that testing and managing ground water for the region gets easier.
We would still need farms, but we should be working to automate that stuff.
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This is only going to accelerate under the current administration.
Or a person’s debt either.
I disagree. I would rather rent a home from a corporation with performance targets and the incentive to provide a good product, than some amateur trying to do it on the cheap.
FYI, we don’t need to ban it outright. We can just tax corporate owned homes specifically until they decide to sell to individuals, increasing supply and lowering costs.
Literally the reason I can’t afford to live where I live. Houses flip and prices inflate.
And individuals – more than 2.
There are four unnecessary words at the end of that sentence.