One useful thing though is that corporate owners dont need to sell, so transaction and mtg taxes will be lower over the long term
According to [1], the average rate (or prime rate?) right now is 3.18% for a 30 year mortgage. OTOH, rate for 30 year "High Quality Market Corporate Bond" is 3.38%.
> and they are more efficient managers than individual homeowners, so this might be a more efficient way of providing housing.
They might be more efficient at being landlords, but that doesn't exactly translate into higher efficiency when it comes to providing housing. Owning a house and doing the repairs yourself is probably much cheaper than hiring someone to do it, not to mention you save all the taxes on the imputed rent.
why doesn't it?
If a corporation can, with the same amount of capital as an individual, produce more units of housing, then isn't that a desirable result?
Also, regarding owning a house being cheaper - it really depends on the savings from taxes. If you own, you lose the opportunity cost of the locked-up capital in the asset, which might be high.
But of course, there are non-financial concerns with buying vs renting. The higher income earner is more likely to want to buy, as their taxes would be more efficient that way. And the guarantee that you cannot get kicked out, unlike renters, is a good plus.
This sounds like a good thing to me. Why will it turn out badly?
Call me skeptical, but I don't think the average person would share in the benefit of that efficiency.
... and property taxes.
But how much? The 30-year treasury rate is currently 2.35%. That's lower than the mortgage rate I quoted earlier, but there isn't much wiggle room either.
>How much is burkshire paying for 10 year bonds? Less than the us government?
Why on earth a corporate bond have less yield than a government bond? US government bonds are literally the safest investment instruments available.
community is more than just where you live. Why can't your community be the group you do leisure activity with? Why can't you have a digital community? Why can't your community be spread out geographically, and meet up in public places for community activities?
Why call a community your home if it was built by you but with tools made by a corporation?
Economic specialization is a thing.
It makes a lot of sense, but I understand your frustration. Still not nearly as frustrating as hauling trailers full of other peoples trash and dog shit out of your own house and then having to repair thousands of dollars worth of damage to cabinets, drywall, carpet, and paint.