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Rental properties are obviously a fantastic investment but it seems like as more people all have this same good idea the practice becomes fairly exploitive.
For example, there is a housing crisis in much of the country that seems like it could be helped by limiting how many residential properties an entity could own. Putting into affect some form of additional regulation to make these investments less attractive (or outright capping them) might help.
This could be done in a number of different ways and I don’t know what the exact specifics might need to be. But I imagine it would be along the lines of putting a cap on the number of single family detached homes a person could own, and/or capping allowable rent.
Thoughts?
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You can legislate short-term rentals though, the abundance of which is a real issue in my locale where STR investors squeeze out affordable long term living spaces because the profits are significantly higher thus driving rents higher.
You can legislate short-term rentals though, the abundance of which is a real issue in my locale where STR investors squeeze out affordable long term living spaces because the profits are significantly higher thus driving rents higher.