imagen telling someone who earns 100k a year, you been broke its your fault. lol am sorry, am not the one who turn housing into investments, if it was me, i would make it ilegal to own multiple houses.
yea what? you who thinks is in the 1% but is starting to live paycheck to paycheck now, some fucker who bought ten houses for under 100k and now has a portfolio of multi millions or flipping houses just to raise the value of home. meanwhile around the world there 1/4 of the price...
@RodrickSage What about companies? Could they own real state?
@Zeb if they manage, they will face fines as much as their market value, daily until they sell or collapse.
@RodrickSage Ok, so they can't. Follow-up: how would companies gonna operate if they can't use any physical buildings, workshops, warehouses or even land?
@Zeb everything you mention falls into comercial. Like they used to earn money, instead of housing.
@RodrickSage Yes, people have and always will need a place to work.
I'm asking where people will work in your scenario.
@RodrickSage Ok, so you have a different category, housing X commercial.
What category would a house during its construction and after it's complete and for sale on the market be?
@RodrickSage I know how it works today. It's functional because companies can own any real state and people can own more than one house.
I'm asking you how it would work under your system.
@Zeb residencial are simply for housing, while comercial is free game.
@Zeb
https://www.investopedia.com/commercial-vs-residential-real-estate-investing-8414678