Comment on Companies that buy up homes should be known as home scalpers
WhatAmLemmy@lemmy.world 8 hours ago
They should be known as criminals, as it should be illegal for companies to own residential property. It should also be illegal for any individual or partners to own more than 2 properties.
The housing crisis will never end unless limits are imposed on the ownership of the finite resource.
Such an extremist take is difficult to implement in practice. A healthy rental market gives significant power to the potential renters. Key word: healthy.
Low income housing can get taken over by the state but that’s not the only section of the market. White collar workers have also seen an increase in their mobility, for example.
Also, a lot of people explicitly do not want to own their home as that requires a lot of work to maintain it that is hugely expensive if you can’t do it yourself. I do however agree that “house scalpers” should receive a guillotine haircut for free.
I have a career that required me to move internationally every 2-3 years. I definitely did not want to buy and sell houses at such pace, without even having a credit record in the new country. Scalpers should be treated like cockroaches though.
Twoafros@sh.itjust.works 7 hours ago
I agree! Its shouldn’t be legal to have houses as investments.