regulating the property owning didn't work really well in some lands far far away. I lived through it, and it ain't pretty.
Property ownership is likely far more regulated here than wherever you came from.
The proper way to prevent a couple slumlords from buying up 1/3 + of property in an area (as has happened here) is to simply tax them more than individuals who own and live in their own home.
Sadly we do the opposite and incentivize large property blocks rented under corporate ownership and decentivize individual ownership by allowing corporate owners to negotiate their property taxes and turn around and write off depreciation further lowering tax.
Sounds right. Pay your part. I don't want to pay a lot, therefore I don't want a lot of house. How does this not make sense?
I feel with each property you own after one, your tax rate goes up X%. The more you "make" the more you pay. No exceptions. But this apparently associates me with Marx, even though I lean far right and am extremely anti-regulation and anti-overreach.