General Discussion
In reply to the discussion: Why not outlaw landlordism? [View all]True Blue Door
(2,969 posts)It's a hugely profitable industry because it can demand more from the even huger profits of developers and speculators.
Trust me, the cost of building houses is hugely inflated, additionally because of the artificial restriction in supply created by allowing landlordism.
More people being able to afford houses means more houses being built, and being built more efficiently.
Also, requiring purchase doesn't mean you have to purchase an entire building. You could have transfers of ownership that are shares in the property, so if all you want is a room quick, you can buy the share of the property that room represents and have similar (but easier) arrangements that condo buyers make.
With a more commoditized price, selling it back when you don't want it anymore should be relatively quick and painless.