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.
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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.