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this post was submitted on 07 Aug 2025
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For single-family homes, there's a really easy solution: only allow individuals to own them. This doesn't kill the rental market; it's just common sense. You personally want to build a rental empire? Fine. But no hiding behind an LLC or other corporate structure -- if you want to rent-seek, you shouldn't have the protections of a business.
Multifamily is of course a different beast, as individual ownership rarely occurs above very small complexes. Still, capping rent increases at inflation plus minimum-wage increase (we're talking Washington here; it goes up annually) would go a long way toward stabilizing budgeting for renters.
It astounds me how many homeowners who locked in mortgages at $800 at 3% simply refuse to believe there's an affordability crisis in the rental market. "Just make 15% more next year" isn't particularly useful advice in a deteriorating job market.
Hey my mortgage is 2.75%. For every dollar I save to move somewhere nicer though, the homes I'm looking at go up by $2-3. I don't know how I'm supposed to ever move into a nicer home than what I have now when I'm constantly chasing the price of those homes and getting further and further. It's not even like I make too little money either, just that I didn't have enough money 5 years ago to even be in the race to begin with.