I know a lot of people who would be forced out of their homes if this was the case. (In the US) I wonder how it could be implemented without having to massively expand government housing.
It also puts downward pressure on landlords, since as they increase the rent, there's less and less people who can be tenants.
Sadly it might not help around here, because right now, it is very profitable to just buy property and leave it empty, since the prices are perpetually rising.
It's already a thing in a lot / most places in the US. If your established income is less than something like 1/3 or 1/4, you'll need a guarantor who can pay that.
Sadly it might not help around here, because right now, it is very profitable to just buy property and leave it empty, since the prices are perpetually rising.