I don’t know about the other states/cities, but in my city it would be real simple. Just ban companies from buying real estate. Maybe an individual can own 6 houses. I’m not saying that people can’t own and rent out houses. I’m saying ban it so that company can’t buy entire neighborhoods, and then monopolize the prices.
I’m specifically talking about houses. Although you do raise a good point that companies shouldn’t be allowed to own out of market apartment buildings. Meaning if your company is based in Chicago (for example) you can only buy apartment buildings in your area. And there should probably also be a limit on what percentage of your market you should be allowed to own. But either way they couldn’t also own buildings in NYC, L.A, Miami, ect.
I don’t know about the other states/cities, but in my city it would be real simple. Just ban companies from buying real estate. Maybe an individual can own 6 houses. I’m not saying that people can’t own and rent out houses. I’m saying ban it so that company can’t buy entire neighborhoods, and then monopolize the prices.
How would that work for, say, apartment complexes? Allow co-ops (which are typically corporations)?
I’m specifically talking about houses. Although you do raise a good point that companies shouldn’t be allowed to own out of market apartment buildings. Meaning if your company is based in Chicago (for example) you can only buy apartment buildings in your area. And there should probably also be a limit on what percentage of your market you should be allowed to own. But either way they couldn’t also own buildings in NYC, L.A, Miami, ect.