It's easily remedied, though: companies can build more housing, they just can't own it once it is occupied. There are several ways around this. Aside from just giving it to their employees (which would be nice, but I can hear the shareholder screams already), they could set up an independently-operated cooperatively-owned trust-fund to own the properties, whether for rent or for sale.
There'd have to be some form of oversight to make sure the nonprofit wasn't still just being run by the company or its proxies, even if not legally owned by it. Is there maybe a standards organization for certifying independence of NPOs/co-ops? If not, seems like there should be.
It's easily remedied, though: companies can build more housing, they just can't own it once it is occupied. There are several ways around this. Aside from just giving it to their employees (which would be nice, but I can hear the shareholder screams already), they could set up an independently-operated cooperatively-owned trust-fund to own the properties, whether for rent or for sale.
@alyn @JessTheUnstill @bennomatic
Yes, that was my objection too.
It's easily remedied, though: companies can build more housing, they just can't own it once it is occupied. There are several ways around this. Aside from just giving it to their employees (which would be nice, but I can hear the shareholder screams already), they could set up an independently-operated cooperatively-owned trust-fund to own the properties, whether for rent or for sale.
There'd have to be some form of oversight to make sure the nonprofit wasn't still just being run by the company or its proxies, even if not legally owned by it. Is there maybe a standards organization for certifying independence of NPOs/co-ops? If not, seems like there should be.
@alyn @JessTheUnstill @bennomatic
Yes, that was my objection too.
It's easily remedied, though: companies can build more housing, they just can't own it once it is occupied. There are several ways around this. Aside from just giving it to their employees (which would be nice, but I can hear the shareholder screams already), they could set up an independently-operated cooperatively-owned trust-fund to own the properties, whether for rent or for sale.