If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%

That would make it increasingly difficult for mega companies to buy up everything and torture the housing market

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 2 months ago (4 children)

"the most they can ever sue the landlord for is the value of the property they rent" - why?

  • source
  • parent
  • hideshow 4 child comments
  • [–] 2 points 2 months ago (3 children)

    Because the landlord, i.e. the LLC, only owns that property, and nothing else

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 2 months ago (2 children)
  • [–] 2 points 2 months ago (1 child)

    Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors.

    https://en.wikipedia.org/wiki/Limited_liability

  • source
  • parent
  • hideshow 1 child comment