My only objection is that a lot of times these things can be solved in some free market way without passing a law and that sometimes these laws are used against us
So for example here, repealing housing regulations could allow for more freedom to create better affordable housing
Creating a culture of people not selling to companies like BlackRock can also avoid this issue
Refusing to rent from BlackRock could pressure them into changing their approach as they would lose money on the houses they have
I imagine more approaches are possible
This reminds me of other topics like "right to repair" laws
I'm assuming companies like Blackrock have so many small shell companies that they could easily get around something like this.
I'm curious how this is going to affect small businesses, like a partnership, that have registered as an LLC or other type of Corp for liability purposes. Where are they going to draw the line on companies purchasing houses?
Yep, was thinking something like that. Someone who owns multiple properties they rent could be in principle considered to be like Blackrock.
companies like Blackrock have so many small shell companies that they could easily get around something like this
I didn't think about that, but that's a good point and the kinds of problems I see with laws like this: they purport to solve some kind of problem, but don't, and then create new problems like the above you mentioned that I had also partly considered.
Which is why I have thought approaches that don't require a law to pass them can be actually more effective for solving issues like this
It was never intended for businesses and corporations, foreigners and foreign governments, to buy and own land. A business should be able to own what is necessary to conduct their business, but not buy large tracts of land to horde.
Land ownership was reserved for the people, not government, and certainly not businesses conglomerates.
Sounds good in theory
My only objection is that a lot of times these things can be solved in some free market way without passing a law and that sometimes these laws are used against us
So for example here, repealing housing regulations could allow for more freedom to create better affordable housing
Creating a culture of people not selling to companies like BlackRock can also avoid this issue
Refusing to rent from BlackRock could pressure them into changing their approach as they would lose money on the houses they have
I imagine more approaches are possible
This reminds me of other topics like "right to repair" laws
I'm assuming companies like Blackrock have so many small shell companies that they could easily get around something like this.
I'm curious how this is going to affect small businesses, like a partnership, that have registered as an LLC or other type of Corp for liability purposes. Where are they going to draw the line on companies purchasing houses?
Yep, was thinking something like that. Someone who owns multiple properties they rent could be in principle considered to be like Blackrock.
I didn't think about that, but that's a good point and the kinds of problems I see with laws like this: they purport to solve some kind of problem, but don't, and then create new problems like the above you mentioned that I had also partly considered.
Which is why I have thought approaches that don't require a law to pass them can be actually more effective for solving issues like this
Sometimes you don't know it's BlackRock buying or you are renting from them.
It was never intended for businesses and corporations, foreigners and foreign governments, to buy and own land. A business should be able to own what is necessary to conduct their business, but not buy large tracts of land to horde.
Land ownership was reserved for the people, not government, and certainly not businesses conglomerates.