My view is that you can own more than one home but with progressive property taxes and no corporation should be able to own a house, or even a property. I’m in two minds about properties they inhabit.
No residential property I assume? I guess apartments would need some new form of owning entity. In Sweden we have “bostadsrättsförening” which is basically an organization where your personal say is proportional to how much you own (i.e. how large your apartment compared to the total). Of course it has its drawbacks, especially if there is no resident that actually understands how to handle economy and plan maintenance that has to be a joint effort. Or if you have someone that embezzles.
An apartment-building owner WHO LIVES IN the building year-around might be in accord. (My own GG-ma ran a boarding-home for income after her husband died.)
My view is that you can own more than one home but with progressive property taxes and no corporation should be able to own a house, or even a property. I’m in two minds about properties they inhabit.
No residential property I assume? I guess apartments would need some new form of owning entity. In Sweden we have “bostadsrättsförening” which is basically an organization where your personal say is proportional to how much you own (i.e. how large your apartment compared to the total). Of course it has its drawbacks, especially if there is no resident that actually understands how to handle economy and plan maintenance that has to be a joint effort. Or if you have someone that embezzles.
An apartment-building owner WHO LIVES IN the building year-around might be in accord. (My own GG-ma ran a boarding-home for income after her husband died.)