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11 comments
Colin Dunn

@FrenchPanda @violetmadder @Daojoan Because the OP stated “No one should be allowed to own a residence where they do not actually reside.” In which case my sister, occupying a house owned by her siblings (but which they’d not be permitted to own under this ‘rule’) would have to move out as she is unable to afford that house herself.

violetmadder

@Indyposterboy @FrenchPanda @Daojoan

Dude. Stretch your brain just a little bit and think about the far-reaching consequences of such a change. Nobody would be able to hoard housing. Home prices would plummet, drastically. In fact the whole thing would best start off with a huge sweeping expansion of squatter's rights, so somebody like your sister would own the place more or less by default simply by already residing there.

The entire dynamics of housing prices and exchange would be turned inside out, and big things would shift throughout how our society works.

@Indyposterboy @FrenchPanda @Daojoan

Dude. Stretch your brain just a little bit and think about the far-reaching consequences of such a change. Nobody would be able to hoard housing. Home prices would plummet, drastically. In fact the whole thing would best start off with a huge sweeping expansion of squatter's rights, so somebody like your sister would own the place more or less by default simply by already residing there.

mnemonicoverload
I can't imagine pulling the property ladder up behind me if I somehow ended up in legal possession of two houses. I'd use it to give a leg up to someone who can't manage the financing on their own the opportunity to rent-to-own. Surely the vast majority of people have someone in their family or immediate circle of friends who could benefit from help. It's not like you'd have to look far afield.
Panda Cab

@Indyposterboy

I don't know if you purposefully looked for the worst possible version of that scenario, but you know that your sister could simply own this house she lives in, right? Why did you pick the worst case scenario, when there are like 20 more realistic and positive ones?

@violetmadder @Daojoan

violetmadder

@FrenchPanda @Indyposterboy @Daojoan

Maybe their siblings are collossal jerks who would immediately kick the sister out at the slightest excuse?

Panda Cab

@violetmadder

The more the reason to not give them that power over said sister imo. Give the sister that house.

@Indyposterboy @Daojoan

HeavenlyPossum

@violetmadder @Daojoan @FrenchPanda @Indyposterboy

Unless your siblings are subsidizing her, she already can “afford” that house because her rent presumably already covers its capital costs and maintenance.

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