7 months ago1 point(+0/-0/+1Score on mirror)1 child
Right - i'm just saying a blanket ban on LLC's owning single-family homes wouldn't be an ideal solution.
With that said, there really isn't a solution anymore. What can you do if corporations already own X number of homes? You can't say no one else can buy from now on because they the ones that already own properties like that have a competitive advantage. You can't force them to sell either because the government would be responsible for potential loses + forcing a fire-sale by blackrock would fuck the housing market by dropping prices like crazy (which would of course also affect a normal family selling their house to upsize/downsize/whatever).
With that said, there really isn't a solution anymore. What can you do if corporations already own X number of homes? You can't say no one else can buy from now on because they the ones that already own properties like that have a competitive advantage. You can't force them to sell either because the government would be responsible for potential loses + forcing a fire-sale by blackrock would fuck the housing market by dropping prices like crazy (which would of course also affect a normal family selling their house to upsize/downsize/whatever).