...disallowing anyone to own property in New York that they don't live in at least 6 months plus 1 day...
Near as I can tell, this would drive up the price of rentals quite significantly. Any landlord would need to factor the risk of getting caught being a landlord into your rent.
I like your second idea of punishing people who are not part of my tribe.
By the way, a more realistic way to lower rent prices would be to end rent control. One could also move the projects out to distant brooklyn/queens, and rent the projects out at market rates.
Near as I can tell, this would drive up the price of rentals quite significantly. Any landlord would need to factor the risk of getting caught being a landlord into your rent.
Fail on my part. I meant to apply this to ownership without renting, with the intention of kicking out the damn speculators.
By the way, a more realistic way to lower rent prices would be to end rent control.
The original rent control regime (where rents couldn't increase with inflation) turned out to be a huge disaster. It left a bunch of well-connected non-productive rich white people with an arrangement better than ownership, at the rest of our expense. The concept of rent control I don't have an issue with, but the original implementation was awful.
I don't mind government interfering with the rental market if all tenants benefit. In a city like New York, government meddling is necessary because the free market fails catastrophically, as we see in these four-digit rents, but I do think the 60+ year-old sweetheart deal that some people have, just because they've been here forever, needs to be ended.
Near as I can tell, this would drive up the price of rentals quite significantly. Any landlord would need to factor the risk of getting caught being a landlord into your rent.
I like your second idea of punishing people who are not part of my tribe.
By the way, a more realistic way to lower rent prices would be to end rent control. One could also move the projects out to distant brooklyn/queens, and rent the projects out at market rates.