I mean stop charging people rent and forgive all mortgages and discontinue all property taxes.
I understand you say you aren't proposing any specifics but I would need somebody to do so before I agree or disagree with the idea.
without asking for anything in return.
take care of their personal needs on their own
100% of the population is a homeowner in that scenario then. You say you wish to keep the economy a free market so the question becomes who is constructing these houses and who is paying them to do so? I understand you say you aren't proposing any specifics but I would need somebody to do so before I agree or disagree with the idea.
I have lived in houses others built, but it was my money that bought them.
That's what I mean by personal responsibility.
Would you say that it is WORTHWHILE to find some way to make sure every human POSSIBLE has a home?
The theory is that rental property would be converted to rent-to-own property, including apartments
I would say it is worthwhile for someone other than me to make sure of that, I have enough on my hands just trying to keep my own in good repair.
Am I missing some third option?
Temporarily selling them equity to be repaid at a later date upon the relinquishing of the property to you.
That's just option B with extra steps.
Demand for housing would spike
while supply at best remains stable,
thus all else being equal property prices would increase.
Why would demand be higher than it currently is?
(IFF) you are "renting" someone a necessity (THEN) they should receive something tangible in return for their money.
(IFF) you want to sell some space in your home (THEN) fractionalize your home and sell the fractions (like shares of stock in a corporation).
Of course it makes sense that "single family homes" would have different rules than an apartment complex or other commercial property, but I'm just trying to integrate your example.
Perhaps you could convert your home into a "private club" with a very exclusive membership list that stipulates dues are paid monthly?
Demand for housing would spikeNaked assertion.while supply at best remains stable,Naked assertion.thus all else being equal property prices would increase.Naked assertion.
Demand is loosely defined as the number of people willing and able to buy. Let's say there are currently 30 people trying to buy a home in my local area. If the two people I am renting my upstairs bedrooms to move out there will be 32 people in my local area trying to buy a house, thus an increase in demand. Potential sellers have more prospective buyers to take offers from, it is made more competitive for the buyers.Now there may be other separate cases of landlords who own property just for the purpose of renting those properties out and those people may be forced to sell those homes, likely at a loss, rather than upkeep them for no financial gain (option A of my previous post). That may seem to be an increase in supply at first glance (supply being defined as the number of people wanting to sell a property) but this would have no effect on the net supply/demand of the market due to that properties previous tenant being added to the demand pool at the same time.A potentially easier way to think of it... If two friends named Alice and Brandy are currently living together in an apartment because neither can afford the rent alone and not because they actually want to live together (a common situation) then some entity - likely governmental but the details are not relevant - announces that they wish to guarantee everyone has housing then Alice and Brandy will take advantage of that program to get their own places. Now suddenly two living units are required, one for Alice and one for Brandy, where only one unit was required before. Where does that extra unit come from?
The concept is the same. Let's say an apartment complex worth $2 million has 50 units being rented out. Fractionalized, each of those units are valued at about $40,000. Again not everyone has that kind of cash to spare.
Simply fractionalize the property.
Simply fractionalize the property.This would require a loan for most people, so you are okay with mortgages existing?
Now suddenly two living units are required,
