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.
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.
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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.
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Zillow lost their shirt doing the same thing.
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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”.
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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.
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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.
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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
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When understanding the mindset of the (I would argue) the vast majority of the 0.01%, remember:
- It’s never enough.
- It’s not about having a lot, it’s about making sure everyone else has a lot less.
- The cruelty is the point.
Why is it so hard to poison this guy’s food, idgi
