this post was submitted on 14 May 2025
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People should be allowed to purchase the rights to control land and buildings, it allows them to make more serious changes (construction, renos, landscaping) that they care about. It also allows for long term stability in terms of not getting evicted.
In my system for renters, the duties of a landlord are still taken care of by landlords, since it would still be perfectly legal to own a property and rent it out. It's the same as now, except instead of the landlord making a profit off the month rent AND the property inflating in value over time, they can only make a reasonable profit off the monthly rent and even then only if they're using the land efficiently. It's not the concept of renting that's broken the market, it's the fact that instead of just being a value added service (taking care of the repairs, utilities, etc.) the current market has made it a long term investment. Force it back to just a value added service (like renting cars) and it will be fine.
Governments force the sales of properties all the time over unpaid taxes.
No it isn't, that's only the case when the market fails like a situation with a finite amount of land in a specific area. There's nothing inherently exploitative about renting cars to people, or renting a garden tool you only use once a year, or renting a paddle board for a trip to the lake, or renting a hotel room while travelling.
Once you push the land efficiency aspect via taxes, the land limitation drops off significantly and we can go back to having apartment/home rentals just be something landlords do to earn a little bit of money for providing a service, rather than it doubling their investment every 5 years.