LogFAQs > #951428793

LinkPizza posted...

I don't think we need to remove home ownership. But instead, remove people owning more homes for the sole purpose of collecting rent and making a profit. I say it that way because I do understand people buying another house to help a family member out. But not if they are just renting it out to collect a profit.

Also, it should be more affordable to own a home. Many people only rent because it's too expensive to own... If it were more affordable, and people couldn't just buy houses to constantly rent, I think things would be at least a little better...

Yeah, I agree. There's a major housing shortage in a lot of markets and while I am generally cool with business ventures, that's not the case when it's objectively exploitative. The laws need to be written in a way that some billionaires can't just buy up all the houses. Be it gouging people because of a manufactured shortage or even buying them as an investment and letting them sit empty. I'm fine with anyone buying up patches of land outside city limits to sit on, but there are tons of vacant houses some overseas guys just lock down and never use and it messes up the market really badly.