You're going to need some exceptions. What happens when someone dies and leaves their house to their kids? What if someone's home is temporarily unlivable (say due to a fire or flood which requires extensive renovation) -- do they have to live on the streets?
And that's not even addressing the obvious question of what happens to tenants if there are no landlords.
I think my suggestion would unlock a lot of supply, without expanding our cities or adding to urban sprawl.
Keep in mind, about half of all adults are married, so each couple can own two properties. One to live in, one to rent.
I imagine we could figure out some way to handle inheritance, perhaps we could give somebody 12 months to decide which house the want to keep, and which to sell.
Rental single-family homes should largely be illegal. Short-term housing should be largely limited to apartment buildings and more space-economic structures. Littering the landscape with empty houses only helps bank accounts.
Still, I'm more than cognizant that there must be huge exceptions carved out for any of these ideas.
the owner could rent out their own house and rent someone elses.
it does make sense if you want to save a nice retirement home for yourself or a place where you want to raise your children while you work and live somewhere else.
right, i was just trying to point out that it would not make renting single family homes illegal.
it doesn't have to be a closed loop though. owners could be (and in my example most likely would be) renting an apartment/flat in the city which is not privately owned)
I think the idea is that nobody would prefer to rent if given a choice, and that everybody could afford to own if not for the presence of landlords in the market.
Possibly but that is not the main argument. The main argument is about the lesser of two evils. Do we want to prioritize the open market of SFH ownership, or do we want to prioritize (maximize) the number of people who can own a SFH. Banning multiple SFH ownership would target the latter, with the tradeoff of a restrictive ownership path for wealthy individuals.
People should go find something else to invest their savings in.