The most straightforward would be having them buy, then sell the house when done. Problem is that opens up a huge exposure for “needing” to sell in a certain window. A common rental scenario is college, where people move out 4 months before others are likely to move in. Even in the best of scenarios it might take months to try to sell the house, and that’s very hard to do if you’ve moved hundreds of miles away and have to cover your housing expenses in two locations at the same time. It’s worth it if that circumstance is suffered after 10 years or so, but certainly not worth it for a 6 month work assignment. To be clear, this prospect should be protected, and those that want to own rather than buy should have some of the market sheltered from rental manipulation.
If you instead have companies that as a matter of course buy up housing stock and “flip” the properties, without renting, to make sure there is an eager buyer at all times, you get the same problem of companies using their funds to assert supreme control over the housing stock.
If it’s “a company is allowed to ‘rent’, but must provide tenant with an ‘equity rebate’ check on move out”, well that would seem to make the business prospect rather unappealing from the company that would rent the hosing stock.
You can have temporary housing without landlords and rent. Just give whatever equity the landlord would have built up charging rent to the tenant.
Sure, no disagreement there. Just pointing out that apartments shouldn’t be the only options for those not wanting to purchase a property
The question is what is the mechanism for that.
The most straightforward would be having them buy, then sell the house when done. Problem is that opens up a huge exposure for “needing” to sell in a certain window. A common rental scenario is college, where people move out 4 months before others are likely to move in. Even in the best of scenarios it might take months to try to sell the house, and that’s very hard to do if you’ve moved hundreds of miles away and have to cover your housing expenses in two locations at the same time. It’s worth it if that circumstance is suffered after 10 years or so, but certainly not worth it for a 6 month work assignment. To be clear, this prospect should be protected, and those that want to own rather than buy should have some of the market sheltered from rental manipulation.
If you instead have companies that as a matter of course buy up housing stock and “flip” the properties, without renting, to make sure there is an eager buyer at all times, you get the same problem of companies using their funds to assert supreme control over the housing stock.
If it’s “a company is allowed to ‘rent’, but must provide tenant with an ‘equity rebate’ check on move out”, well that would seem to make the business prospect rather unappealing from the company that would rent the hosing stock.