What if the grandchildren are in secondary school when Nana dies, is the family allowed to hold on to this second property for the few years until the kids move out/in?

What if you accept a contract position in another town, should you be forced to sell and buy, or is it okay to rent out the home you have and rent another elsewhere?

My point is that there is nuance at the lower end of the scale, and the enemy is big corporations and landlords of massive portfolios.

[–] humbletightband@lemmy.dbzer0.com 1 points 7 months ago

To whom? Greedy renting corp.?

[–] MxRemy@lemmy.one 1 points 7 months ago (1 children)

As an example of the problem, no one in my entire social circle has any hope of ever owning property, and many of us are just barely skirting homelessness. Unfortunately this is extremely common in the same world where some people own multiple homes. If you found yourself in that situation, I imagine the best course of action depends on where you live, but a good choice might be to convert your property into a non-equity low-income housing cooperative. There are lots of other options though, the main thing is just to get it into the hands of people who need it.

[–] Jimbo@yiffit.net 1 points 7 months ago

The only hope I ever have of owning property is my mum dying :(

And even then, she currently owns the property, not the land, so there's still land rent