this post was submitted on 29 Feb 2024
391 points (97.3% liked)
Technology
59152 readers
2330 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I can understand your opinion when it comes to Residential Real Estate, the stuff that people live in, but I wouldn't extend that to Commercial Real Estate. I see nothing wrong with a Business owning properties that are used by itself or other Businesses. I think the problem comes in when Businesses, especially large Businesses, own Residential Real Estate; especially if ownership of RRE exceeds a certain threshold inside a designated area.
I honestly think a lot of the problems with businesses owning RRE could be solved by not allowing those businesses to be C Corps, maybe constrain them to only Sole Proprietorship or LLC.
See I could agree with you for a company owning a building it uses, I don’t consider that investment, I consider that ownership and use, but I don’t think any entity should own land or shelter they aren’t utilizing. I don’t see any real benefit for any but capitalists