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How private equity is changing housing

(www.theatlantic.com)
115 points harambae | 1 comments | 09 Dec 25 17:26 UTC | HN request time: 0.195s | source
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oldjim798 ◴[09 Dec 25 18:08 UTC] 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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tptacek ◴[09 Dec 25 20:42 UTC] No.46210371[source]▶
I love that there are people that can't even conceive of the idea that entities that let out apartments are providing a service to residents. In their view, the natural state of every resident is a desire to own their home.

A fun knock-on effect of this policy proposal: it would effectively halt all new development of dense multifamily.

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oldjim798 ◴[09 Dec 25 20:59 UTC] No.46210569[source]▶
Yes, the natural state of every resident is to live in their own home. To be clear by home I don't mean "single family detached house on a suburban street", I mean a place to live with water, electricity, and a roof.

Landlords provide no 'service'; they are merely an existence tax.

The market already does not build dense multifamily; what is there to halt?

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1. J_Shelby_J ◴[09 Dec 25 21:58 UTC] No.46211309[source]▶
The real reason single family housing ownership is the only real option is that society effectively pays people to own; appreciation out weighs all costs of ownership so in the end it’s free or even an investment.

But if it was truly a free market and supply met demand owning housing would be a depreciating asset and renting would be cheaper.

Land ownership is a cultural construct. Their is no natural state.