If your neighborhood has an HOA, pressure them into adding language that limits the number of rental properties. It can take a lot of work / votes to pass, but it can be done.
this post was submitted on 06 Dec 2023
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We did this with our COA (condo owners association). No renters or AirBNBs allowed. If you own the condo you've gotta live in it.
I've been trying to get my hoa onboard for rental limit.
How about Jeff Bezos fucks off?
Sure would be a shame if we got candidates for governing bodies that would actually do something about this.
I looking to run anyone want help support my bud for office. Definitely will want to put a stop to this kind of stuff.
I think corporations should be limited to owning a small quantity of sfh. Maybe a dozen unless they can show a compelling reason such as housing for employees.
Sfh are meant for families.
We don't want company towns, there should be no exceptions.
Maybe put in a few exceptions for things like remote research or production facilities where no real town or civilization in general exists around them. Basically the kind where rotating worker shifts are stationed for 3-6 months at a time and then move back for a few months off.
Brb, going to set up 100 LLCs to each own a dozen single-family homes.
You don't place the limit on the company you place the limit on the region. Just like zoning often requires a certain amount of green space you write regulations that only 10-25% of all single family homes can be owned by corporations.
Just scale the tax, it’s so fucking easy to fix. But if they wait it’ll become a giant problem where some awful company or groups of company will fail and break the economy for a while etc etc.
All you have to do is scale the tax. 1 house normal tax rate. 2 houses 2x tax rate on all properties. 3 houses 3x the tax rate on all properties.
Numbers probably need adjusting but that keeps things reasonable, even for small landlords you can scale it so its fair and keeps properties local and even a good investment vehicle for individuals but prevent it from becoming an exploitive market by giants corps.
Trump changed salt for personal taxes. Just make the rules cover corporations as well. I got fucked in salt
Zillow lost their shirt doing the same thing.
Zillow was trying to flip.
True. Outright rent-seeking is certainly typically safer than flipping.
I think the risks that crushed Zillow are still relevant: Trying to do something at national scale requires a situation where lack of local knowledge is unnecessary. And housing has proven a few times not to be that.
I would bet on Amazon to come up with an "investment" scheme that externalizes the extreme local market risks to their "partners".
I just don't like large corporations buying up the housing. It just drives the cost up. I am not against local landlords. I had rented many times when I didn't want to buy and I appreciate clean, affordable, and well-maintained properties. Local landlords can only buy so many properties before they run out of cash, as such the market limits itself. Bezos can buy a lot of homes before he even puts a dent into his cash funds. There are times when corporate ownership makes sense, I had a friend who traveled to BFE for weeks a time and his company owned a house where he could stay. They always had someone out there for weeks or months at a time.
Agreed on all points.
Some communities pass laws to keep investor landlords out entirely.
Amazon buying rental property might also be ruled illegal under current anti-trust laws.
I don't know the best approach, but I don't expect good things to come from Amazon getting into the landlord business.
Amazon isn’t involved. This is another company.
Good point, but really beside the point.
Anyone who thinks Bezos' controlling interests in both companies won't cause public harm should consider my fine selection of bridges that I'm selling for ridiculous bargains.
He will not cause harm because of Amazon, he will cause harm because he's Bezos.
Can Anyone Tell Me Why All Articles Related To Moronic People Has Capital Letters On Each Word? It Triggers Me So Much For Some Reason.
That is called title case. It's used in titles.
They went overboard here, to be fair. Articles and short prepositions shouldn't be capitalized in title case. It is funny to think that an adult has gone through their entire life without seeing title case, though.
They went overboard here, to be fair.
Oh absolutely, I was just answering in case they legit didn't know about title case.
Never assume an idiot online is an adult. There's like a LOOOT of actual children all over the internet
I'm sure that Bezos will require that "work from home" is not allowed in any of his leases.
or perhaps lease PRIME will, for a fee, let you work from your rental.