The government shouldn’t be in the housing business. The majority of expenses to build a home are because of government rules. But I also don’t agree with the state overriding local laws. They shouldn’t be able to make a blanket law unless thr authority to do so is specified in the Colorado Constitution. This likely isn’t, since when the constitution was written, there were no building codes or zoning laws, hence the lawsuits.
One of the only things I would like to see is a federal ban on private equity firms owning huge amounts of homes which become permanent rentals.
Yes, that would be a good thing, but there are so many ways they can get around that, shell companies & a corp for every town, etc. maybe they could have a law that not more than x percentage of homes in a neighborhood can be rentals, and let each local government decide the percentage. Shitholes like Detroit can be 90%, nice towns can cap it at 2%, for example.
Yeah, I agree that there are ways to try to get around it but that is where the "stick" comes in. Make the punishments for circumventing the law so brutal it's not worth trying. Like 50 years in jail and every single asset taken and sold off, profits to be used for community projects or something like that.
Also, I want a federal ban on any non-citizen or non-American company owning ANY land/property in the USA.
I think HOAs in some areas cover this
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