I want to see towns implementing rental tokens like NYC did cab placards. You have to pay the city every 5 years and the house must be inspected before the token is issued, otherwise you lose it and the current residents get to live rent free. You have the option to sell the house, current residents get first dibs and their rent counts against purchase equity.
Also, there is a limited number of these tokens, so there can be only x% of the single family homes in a town that are rentals.
Great idea, really, though I'd start with a rule where no company is allowed to own homes at all, and any every private citizen is allowed to own up to two homes, max.
This requires massive mortgage reform. I am not saying it doesn't need done, just saying that it increases the complexity. I would almost rather see laws requiring some % of a capped rent be required to be reinvested into the properties.
If we are reforming Mortgage laws, require lenders to treat rent payments as they would equity payments on property, that way if you have been paying a $2k rent reliably for 5 years you are eligible for a $1.5k mortgage payment.
well there’s another thing what should be illegal. too bad congress is just there for the lolz. and to get paid.
Stupid headlines, company is called Arrived, avoid it and encourage others to do the same.
If it's still in business, apparently OP posted a two year old article?
They need to make that illegal
Then the US needs to have a different system of government than pedocratic oligarchy. Because this kind of thing is not only perfectly legal, but also highly encouraged by the people in power right now.
& him as well
Fuck Jeff Bezos.
House prices are dropping, so, of course they're going to pick them up and prop up the market, while acquiring more rental properties. Unless my kid hangs on to my house after I die, he'll never be a homeowner.
This is a 2 year old article.
2 years ago, he was already a piece of shit motherfucker
December 15, 2023
Whenever I see posts like this, I am reminded that I'm in an echo chamber. It's not posted because it's relevant, but just because it aligns to the herd narrative. Perhaps in present times a journalist will investigate this further and provide insight into how it all went down so far. But until then, this post is just a flashback to nicer times.
Why the fuck is he trying to make more money off the bottom 99%? Isn't being one of the wealthiest in the world enough? How small is his dick.
Also, this should be 100% illegal.
Because he really likes paying property taxes?
Does the dude know that the US population is about to start rapidly collapsing?
They honestly don't have a fucking clue what is coming, because of all the yes men and hangers-on surrounding them that buff their knobs and sell them on the idea everything's hunky dory.
they’re worried like how occupy wallstreet also had them worried