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this post was submitted on 11 Jul 2024
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Housing Bubble 2: Return of the Ugly
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A community for discussing and documenting the second great housing bubble.
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All housing? Not realistic.
All buildings over a certain number of rental units? Would make way too much sense.
What I would like to see is:
-Forbidden to own more than one property in a certain radius
-Buildings with up to 3 units could only be owned by private parties
-Buildings with 4 to 7 residential units need to be owned by a form of corporation or cooperative
-Anything bigger than that should be nationalized and ran by a State run non profit
I could be convinced to accept these terms, or at least use them as a starting point for working out details.
Unfortunately, I doubt either of us are policy makers.