this post was submitted on 02 Oct 2023
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City Life
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Or governments can start banning companies from buying single family homes which should start driving the price down...force em to sell too.
Try fixing the problem instead of embracing it. But glad that these folks won't have their stuff stolen and destroyed because reasons..
I wouldn't hold my breath - Boulder is big on telegraphing very liberal policies but they always fall apart due to NIMBYs. Home prices in Boulder aren't even driven by corporate RE investment, it's just expensive as fuck in general with a ton of tech companies having campuses there, the university, and well-to-do people from the Bay Area that have been flowing there for decades
Til
To be honest. any company that purchases such a place should be required by law to either: rent it out within 3 months of purchase or sell it to another interested individual and not a company or other legal holding entity.