this post was submitted on 24 Jul 2025
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if a landlord can't afford to install air conditioning where air conditioning is required, they should be forced to sell any and all properties that don't comply.
actually, hold on, let me fix that for me:
landlords should be forced to sell any and all properties except the one they live in. period.
You DO realize that if we sold all our properties that millions of people would have no place to live? Just because we put them up for sale doesnt mean a current tenant could afford to buy them. What does that mean? They would likely be snapped up by corporate property management companies. And that means rent would go UP as companies would control all the rentals and can set whatever price they wish. The existence of mom and pop landlords is what keeps prices DOWN especially if they are for basement suites.
Just make it illegal for corporate ownership. Mass housing for sale will drop prices
I agree however the problem becomes 'what is corporate ownership'? I have some LL friends who own three houses who have formed a corporation but its just a single owner. I have some that own a rental however they manage them through a broker who does all the management and maintenance for a share of the rent and any capital gains. Then there are the guys who form a corporation with a few other guys so they can buy an apartment block but without those three friends pooling their money it would likely be owned by an international company.
I think the delineation is that single family homes should not be owned by corporations that have more than 4 shareholders with a set financial limit. If you want to buy a 16 unit apartment with three friends, go for it. But if you're Blackrock with billions of dollars and 155 million shares then you have no business buying ANY residential housing.
Since we have a terrible housing crisis, my belief is a residential home should be owned by a family and not corporations or international invovlement. Apartments can be like our Strata Condo we live in, the strata is a legal corporation but only owners of the units belong to it. We had a no rental clause. But our Canadian government overrules that during the pandemic.
Coops and non profits are other viable models.