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by mentalgear
461 days ago
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Housing is a fundamental human right. Corporations should not be allowed to buy or hold large amounts of residential property or zoned housing land. They create artificial scarcity by holding it back, driving up prices purely for profit. A less direct but still effective approach is to restrict residential property purchases to citizens. This helps prevent international hedge funds and (sovereign) wealth-funds from monopolizing the housing market. Some of the most affordable housing markets in the world, such as Austria, implement these policies—alongside strong state-led housing initiatives. |
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In your example they would probably just have puppet citizens who buy land on their behalf. Sure the cost would be a bit higher because the puppets would demand some commission, but hey it’s the cost of running business.
It’s close to impossible to regulate concentrated money. See the drug cartels or Musk as two examples. The cartels operate their own army in South America completely ignoring government regulation. Musk bought an entire gov for himself.