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Cities these days
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In the megalandlords shell company scenario, I'm sure that is hypothetically possible but it would at least make it more difficult for the mega corporations to buy so many single family homes. It would have to help improve the market. Shell companies could also be addressed in the legislation.
Sure, it's hypothetically possible that it would slow down the mega corps. I wouldn't be holding my breath, though. IDK, call me a cynic.
Pretty much any housing changes will need to be written to be bulletproof, otherwise they'll loophole the ever-loving shit out of it.