Suppose a large, publicly listed real estate investment trust (REIT) owned a diversified portfolio of housing across the country and operated it all as rental housing. Tenants could buy shares in the REIT and thereby invest not only in their own house, but all the others as well. Less risk and more flexible than home ownership.
The downside for tenants is not being able to renovate. The upside is not being responsible for maintenance.
Imagine the state did this instead using taxes and eminent domain. Congrats, you’ve invented Vienna, one of the most beautiful cities in the entire world.
I'm not familiar with this program. Could you give me a few keywords to search for, so I can learn about it?
> using taxes
Is it a tax credit? The key is allowing tenants to invest and get dividends from the portfolio, which they can then use to pay for rent (or whatever they like).
The downside for tenants is not being able to renovate. The upside is not being responsible for maintenance.