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115 points harambae | 2 comments | | HN request time: 0s | source
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oldjim798 ◴[] No.46208294[source]
Ban corporate ownership of residences. Only individuals, Coops or condominiums. Cap how many rentals an individual can own.

The government should also build massive amounts of housing. Everywhere of all types - apartments, townhouses, single family. After built transferred to the residents as coops.

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garbawarb ◴[] No.46208350[source]
It's interesting to think of the second-order effects of this. If these corporations can't invest in housing, they'd direct their money elsewhere. Maybe we'd see a stock market or commercial real estate boom. Maybe a proliferation of new ventures.
replies(2): >>46208503 #>>46208589 #
phkahler ◴[] No.46208503[source]
>> If these corporations can't invest in housing, they'd direct their money elsewhere.

I think that's why they're buying residential - there aren't any other traditional investments that aren't in a bubble or just have low returns. If you anticipate economic collapse or hyper inflation or whatever, physical assets make sense - when you measure wealth in houses you don't care what the dollar does. Gold people can do without, housing not so much. Whatever happens next, people will need a place to live. OTOH the population collapse is also coming so housing doesn't make much sense beyond 2030 or so.

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the_sleaze_ ◴[] No.46209393[source]
There will be a squeeze on real estate as the sea level rises and insurance increasingly withdraws from coastal and fire-prone areas.
replies(2): >>46210553 #>>46211233 #
1. asdff ◴[] No.46210553[source]
I'd expect to see a surge in self insurance. These areas are so valuable already in a lot of cases where rich people are content to pay six figure property tax bills. Especially with cost of construction being a fraction of that property's value.
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2. the_sleaze_ ◴[] No.46219048[source]
> a surge in self insurance

What is this? Would this just be "putting a little to the side each month" to cover your 12 million dollar loss to Hurricane Micheala ?