The issue is ownership of property that you're not living in. Even now in the West property ownership is restricted and difficult - just eliminate the option of owning multiple properties.
I like this, but also housing co-ops and community land trusts would seemingly be useful in the transition away from renting. I feel like there needs to be some path to ownership for people who might not be able to purchase one the usual way for whatever reason.
How would you prevent one person or company having a subsidiary for every property?
If you require that everything be owner-occupied, does that mean you can't leave your house for a few years to live somewhere else, and have someone else live in your house?
Well, companies have no need to own a residence in this situation. Also, primary residences are already treated differently in ownership rules and tax laws, so the difference is already there. Just prevent people from owning multiple houses.
If you live somewhere else for a few years, and someone else is living in your house, you are a landlord unless you're letting them stay there for free.
Depending on how hard they are on your house, they're doing you a service just living there, making sure the roof doesn't start leaking or what have you.
And if they do ruin your house, well, you could probably seek damages somehow.
The issue is ownership of property that you're not living in. Even now in the West property ownership is restricted and difficult - just eliminate the option of owning multiple properties.
I like this, but also housing co-ops and community land trusts would seemingly be useful in the transition away from renting. I feel like there needs to be some path to ownership for people who might not be able to purchase one the usual way for whatever reason.
How would you prevent one person or company having a subsidiary for every property?
If you require that everything be owner-occupied, does that mean you can't leave your house for a few years to live somewhere else, and have someone else live in your house?
Well, companies have no need to own a residence in this situation. Also, primary residences are already treated differently in ownership rules and tax laws, so the difference is already there. Just prevent people from owning multiple houses.
So basically, a "post on your main" rule for owning houses.
If you live somewhere else for a few years, and someone else is living in your house, you are a landlord unless you're letting them stay there for free.
Depending on how hard they are on your house, they're doing you a service just living there, making sure the roof doesn't start leaking or what have you.
And if they do ruin your house, well, you could probably seek damages somehow.