No, that's not what you're trying to tell me. You've ignored the main point of my comment and are arguing from the edge.
We both agree that large companies, people with crap tons of money, and entities that have enough money or power to adversely affect the rest of us should NOT own large portions of ANY asset in our country, including real estate.
There are only two ways to approach that concept, legislatively. Either a blanket law that affects all corporations equally, or a law that distinguishes between
a $100B mega corporation, and PompeiusMagnus Real Estate, Inc.
I'm not rich. I'm not Bill Gates. If the intent of your proposed law is to prevent people like Bill Gates from buying everything up, why do I have to suffer for it?
At the same time, without the protection that a corporation or LLC provides, some moron tenant might fall down the stairs and sue me personally for everything I own, including my personal assets, which would make it almost impossible to safely be a small landlord.
Sorry, but I'm going to defend my interests, as I assume you would as well.
Are Bill Gates or Rockefeller gigantic corporations, or are they two individuals?
What constitutes as a family owned business? Less than 50 employees?
What stops those top earners of that small family owned business from splitting off into their own corp or LLC, and purchasing more homes?
There's always ways around the system. That's what I'm trying to tell you.
No, that's not what you're trying to tell me. You've ignored the main point of my comment and are arguing from the edge.
We both agree that large companies, people with crap tons of money, and entities that have enough money or power to adversely affect the rest of us should NOT own large portions of ANY asset in our country, including real estate.
There are only two ways to approach that concept, legislatively. Either a blanket law that affects all corporations equally, or a law that distinguishes between a $100B mega corporation, and PompeiusMagnus Real Estate, Inc.
I'm not rich. I'm not Bill Gates. If the intent of your proposed law is to prevent people like Bill Gates from buying everything up, why do I have to suffer for it?
At the same time, without the protection that a corporation or LLC provides, some moron tenant might fall down the stairs and sue me personally for everything I own, including my personal assets, which would make it almost impossible to safely be a small landlord.
Sorry, but I'm going to defend my interests, as I assume you would as well.