Spitballing Steps for Immediate USA #HousingReform:
1) Convert all multifamily housing to public housing w/o comp.
2) Limit 2 single-family houses per household & 0 per business entity. All others offered to tenants 1st, then auctioned
3) Steep, financially unworkable penalties for private landlording
Digging into the reasons & implications:
Multifamily housing, by its nature, isn't for use by a single set of tenants. It either can be shared, or one owner can build equity at the expense of the other(s). Public ownership is the simplest solution, but co-ops could be considered in some cases.
Limiting single-family ownership to households and barring business ownership of them would immediately liberate enormous amounts of housing which, by its nature, is intended for a single set of tenants.
Some households could have legitimate personal uses for owning more than one SFH. Putting conditions & restrictions on the 2nd SFH would help to ensure that it cannot be used purely for financial gain. These include point three, abolition of private landlording, as well as additional penalties for allowing the property to sit vacant and other financial disincentives.
All single-family housing in excess of these ownership restrictions would first be offered to any existing tenants, with credit given for previously paid rent. Housing which tenants do not wish to purchase would then be sold at public auction
This would bring huge change, followed by add'l measures