8,025,600 Minutes

I manage no longer the energy or spirit required for eloquence, so here I will beat around no bush and plant no literary seeds to be sown down the road.

I predict that in the not-too-distant future, buying a home will be something most Americans don’t even have on their radar. American investors will stockpile real estate for the sake of selling to corporations and foreign investors. Those corporations and foreign investors will, along with some of the American investors, stockpile it for the sake of stockpiling a bunch of American real estate. Regular people will almost exclusively rent.

I will at that time argue that rental contracts for all (or certain) houses or condominiums (home types typically designated for individual-unit ownership) be legally required to include a buyout plan. Basically, any renter of a house (not apartments, for example) would be on a rent-to-own contract. It would be illegal to offer a single-family home to someone as a pure rental.

Think about the pros and cons for yourself. One variation of this could be a limit of one rental property (of the single-family variety as per above) per person (including corporate people).

This is a long way away, and probably crazy now, but talk to me in 2032.

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