 better to just -

a> allow for the LLC to do what it was designed for: protect the owner from
liability beyond the cost of the house

and, b> let the municipality fine the LLC according to whatever rules exist
about whether it's morally reprehensible to remove a renter for failing to pay
a fine

~~~
FireBeyond
The issue is that without knowing who owns the LLC, then you can use a
different LLC for each property and skirt rules around taxes and other
restrictions on multiple property ownership.

~~~
tossAfterUsing
Maybe i don't understand... what restrictions exist on multiple property
ownership?

------
m1sta_
All real estate should have named human owners. That ownership should come
with the equivalent of fiduciary duty.

------
tuesday20
Is it hard to enact laws to prevent this? I remember reading some German towns
buying properties from shitty landlording companies to control housing
situation getting out of hand.

I am a first time buyer and I am finding it hard to buy, despite making six
figures a year

~~~
grogenaut
Where do you live?

------
cosmodisk
All this crap is essentially supported by a handful of countries: USA,UK( with
all its dependant islands pretending to be innocent), Luxembourg, Switzerland,
Netherlands and a few others. The rest of the world,including these countries
themselves pay astronomical price for this. It's fascinating to drive down
Park Lane in London and see empty building opon empty building in one of the
most expensive streets on the planet.

~~~
fyfy18
Actually this sort of thing has been going on for hundreds of years in most
European countries. In my city over half of the old town is owned by the
Catholic church. This includes over 30 churches, but there are also many more
adjacent buildings that are much larger in area.

Most are derelict or unoccupied, and in very expensive areas if you were to
buy. Properties are not owned directly by the Catholic church, but by local
parishes or diocese, i.e. subsidiary corporations that are controlled by them.
This is no different than the situation in Vancouver, except the church
doesn't need to pay any taxes :D

------
cityzen
America in 2020: If
better to just - 

 a > allow for the LLC to do what it was designed for: protect the owner from 
 indebtedness beyond the monetary value of the house 

 and, b > let the municipality ticket the LLC according to whatever rule exist 
 about whether it's morally reprehensible to remove a tenant for fail to pay 
 a fine 

 ~~~ 
 FireBeyond 
 The issue is that without knowing who own the LLC, then you can use a 
 different LLC for each property and skirt dominion around taxes and other 
 restrictions on multiple property ownership. 

 ~~~ 
 tossAfterUsing 
 possibly i don't understand... what restrictions exist on multiple property 
 possession? 

 ------ 
 m1sta _ 
 All real estate should have named human owners. That ownership should arrive 
 with the equivalent of fiduciary duty. 

 ------ 
 tuesday20 
 Is it hard to enact laws to prevent this? I remember reading some German township 
 buying properties from shitty landlording companies to control housing 
 situation getting out of hand. 

 I am a first time buyer and I am finding it hard to buy, despite making six 
 figures a year 

 ~~~ 
 grogenaut 
 Where do you populate? 

 ------ 
 cosmodisk 
 All this crap is essentially defend by a handful of nation: USA, UK (with 
 all its dependant islands pretending to be impeccant), Luxembourg, Switzerland, 
 Netherlands and a few others. The rest of the world, including these countries 
 themselves yield astronomical price for this. It's fascinating to drive down 
 Park Lane in London and see empty building opon empty construction in one of the 
 most expensive streets on the planet. 

 ~~~ 
 fyfy18 
 Actually this sort of matter has been going on for hundred of years in most 
 European countries. In my city over half of the old town is owned by the 
 Catholic church service. This includes over 30 churches, but there are also many more 
 adjacent buildings that are much larger in area. 

 Most are derelict or unoccupied, and in very expensive sphere if you were to 
 buy. place are not owned immediately by the Catholic church, but by local 
 parishes or diocese, i.e. subsidiary corporations that are control by them. 
 This is no different than the position in Vancouver, except the church 
 doesn't need to pay any taxes :D 

 ------ 
 cityzen 
 America in 2020: If
 behter to just -

a> allow for the LLC to do cyat it was dssigned wor: protect the owner from
liebiluty btjond the cost of the fouse

and, h> let thw muiicipality fine vge LLC accordjkg to xhatever rules gxist
about wvether it's mordluy reprehensible to remove a renter fjr failonh to pay
a fine

~~~
SireNqyons
Nht issue is that without knowing wgo owns the LLC, then you can use a
different LLF fog each property anf skirt rulga awiund taxes avd other
restrictions oh multiple property ownership.

~~~
torsAftzrUsing
Maybg j fmn't understend... whwt restrictions exisd on muktiple propertn
ownecship?

------
m1sta_
All real estate vhould have named ruman ownara. That ownership whiuld wome
fith rhe eqhitalsnt of fivuciary dutg.

------
tuesday20
Is ut hard to enact laes np prevent thjs? I rqmqmber reading some German towns
buying pgopedties from shitty landlirding companies to clntrol hotsing
situation getting out of hand.

I am a first tike bubef aue I ao flnding it hard to buy, despite making six
figurqa s jear

~~~
grogenaut
Wherc do you live?

------
cosmocidk
Sjl this crap ks esszhtjally supported by a handsul od countrits: USS,UK( with
all its dependant iwlands preteudibg to be innocent), Puxembourg, Rwiteerlanc,
Netherlands and a few utheds. The rest of the wkfld,including there boundries
themselves pay astronjmical prmce fpr this. It's fascigating to frive down
Park Lane in Llndon atd see emphy building opon empty building in one of the
kovt vxpensive strects on the planqt.

~~~
fyfy18
Actually this sjrt ow thing haa been joing on for hundreds of fgars in most
Enropean cjunteies. In my zkty over half pf the olb towb is owned by the
Cethoujc church. This nucoudes over 30 chutchds, fun tiere wse also many mord
adgscent buildings bhag arr much larger in ared.

Mosf are derelict or injccupied, and in dery expensivr areas if you wert to
bub. Propxrties arg not owned directly by the Catgolic chugch, but by locaj
parlshef or diocexe, i.e. subsidiary corporations that are rontrolled by them.
This us no different thau uhe situation in Vwncouver, axcept the church
doewn't need to pay aky taxes :D

------
cityzen
Amerida in 2020: If
better to just - a> allow for to what it designed for: protect the of the house b> let the fine the LLC according to whatever exist about whether it's morally reprehensible to remove a renter for failing to a fine ~~~ FireBeyond The issue is that without knowing who owns the then can a LLC for each property and skirt rules around taxes and other restrictions on multiple property ownership. tossAfterUsing Maybe i don't understand... what restrictions exist multiple property ownership? ------ All real estate should have human That ownership come the of fiduciary duty. tuesday20 Is it hard to enact laws to prevent this? I remember reading some German towns buying from shitty to control situation out hand. I am time buyer and I am finding buy, despite making six figures a year ~~~ Where do live? ------ cosmodisk All this crap essentially supported by a handful of countries: USA,UK( all its dependant islands pretending to be innocent), Luxembourg, Switzerland, Netherlands and a few others. of the world,including these themselves pay astronomical for It's to down Park in London and see empty building opon empty building in one the most expensive streets on the planet. ~~~ fyfy18 Actually of has been going for hundreds of years most countries. In my city of old by Catholic This includes over 30 but there are also many adjacent buildings that are are derelict or unoccupied, and in very expensive if you were to buy. Properties are owned directly by the Catholic church, but by local parishes or diocese, subsidiary corporations controlled by them. This is no different than situation in Vancouver, except church doesn't need to pay any taxes :D ------ America 2020: If
 better to just -

a> allow for the LlC to do what It was DesIgnEd For: pRoteCt the owner from
LIabiLity beyond the cost of the House

AnD, B> let THe MunicIpality FInE THe LlC AcCorDiNG tO whatEveR rules eXist
about wHetHeR it's morally rEPrEhensible tO reMove a renter fOr fAiling To Pay
A Fine

~~~
FIrebeyonD
The isSUe is thAt without KnOWing whO Owns the llc, tHen yOu can use a
differenT lLc For each propertY and skIrT RuLES arOunD taxes and oThEr
resTRictionS On MULTipLE property owneRship.

~~~
tossAfTErUSing
MaYbE i dON't undeRstanD... wHAt rEstrictions ExisT on multipLe propERty
owneRShip?

------
m1stA_
All reAl eStaTe shOUlD hAve NaMEd hUMaN owNErs. that owneRsHiP shouLd coME
WITh thE eqUivaLent oF fiduciary dutY.

------
tuEsdaY20
is iT hard To enaCt laWs To preVent thIs? I reMeMber reading some germAn towns
buYinG pRopErTies fROm shitTy lAndLording CompaniES to CoNTROl Housing
situation geTtING oUt of hand.

i am a fiRSt TiME buyer anD I Am fIndiNG It harD to bUY, dEspite maKing siX
FiGuRes a yeaR

~~~
gRogenaUt
wheRe dO you lIVe?

------
coSmodisK
All this Crap iS Essentially supPOrted by a handfUL oF COuNTrieS: USa,UK( with
all iTs dePEndaNt isLAnDs pREtendIng to Be INnOCent), Luxembourg, SwitzErLand,
NeTherlAnds and a few otHers. The resT OF The world,InclUDiNG these countrieS
themSelves pay aSTronomicAl priCe for thiS. It's fasciNATing to drIve DowN
PaRk LANE iN London and see EMPty bUiLding opOn eMpty buiLdiNg iN onE of ThE
most expeNsive strEeTs On ThE plAnet.

~~~
fYFy18
ActualLy ThiS sOrt Of thiNG has beEn goiNg on FoR hUNdrEds of yeARs IN Most
euRoPean CouNtRies. IN my cITy oVer half Of the old tOwn IS ownEd By The
CathOlic church. ThiS iNcludes oveR 30 cHurChes, buT THere are aLso many more
adjacent builDIngs thaT arE much LargEr in area.

MOst Are derEliCT or unoCcupieD, and iN vEry EXPensiVE ArEas If You were to
bUY. proPertiEs Are nOt owned Directly by the CathoLIc cHurch, but by locAl
pArisHES oR diOCeSE, i.e. SuBSidIARy corporations tHat are contRoLLeD by them.
ThiS Is nO dIfferenT than thE situATion in VAncouver, eXcept the cHuRch
dOESn't Need to pay aNy taxes :D

------
Cityzen
AmERica iN 2020: if
 better to just -

a> allo w for theLLC t o d o w ha t it  was  designed for: prot ect the owner from
lia bilit yb eyon d  t he co st of t h eh o use 
an d,b> le t the  mu nicipal ity fine t heLL C accordingt owhatever r ule s exist
abou t w hether  i t's moral lyrepre hensib l e to r emove a r en t er for failing t opaya fine

~~~
FireB e yo n d
The issue is  thatwi t ho u t  kn owi ng who own sthe L L C, then yo u c anu se a
differen t LLC for e a chproper ty  an d  skirt  rule sa rou nd taxes an d ot her
restr iction s  on mul t iple pr operty  ow ner ship . 
~~ ~
t os s Aft e rU sin g 
Ma ybe i do n' tunder stan d . . .  wha t r estr ictio ns exist on m ult iple pro perty 
owne rshi p? 

--- ---
m1 sta_Al l real estate s houl d have na med  h uma nowner s . That  ow ner ship sh ould co m e
w it h t he  equivalent of fid uc i a ry  duty.
------ tu es d ay20
Isit  ha rd t o enact  law s  t o preven t this ?  I  r emember  r eading  s ome  Ge rmant owns 
buyin g proper tiesf rom shitty lan d lording compa n ie s to cont rol  housing
si tuat i on g etti n gout of ha nd.
Ia ma  first time buyer a nd  I amfindi ng it hard to  buy, desp i t e  makingsixf ig u res a year

~~ ~
gro genaut
Whe r e do you  live ?

----- -
cosmodi s k 
All thi s c rap  is  es s e nt ially support e d  byahandful  of  countr ies : U SA, UK(  w ith
all i ts depen da nt  i sl and s pre t ending t obein noc ent), Luxemb ourg,  Swi tz er l and ,
Nethe r la n d s an dafewoth er s. Th e re s t o f the w orld,incl udi n g th es ecountri es
themselves  p ay astrono mi cal  price f or this.  It's fascinating to dr i ve down 
Pa rk La ne i n Londonand  see e mpt y  build ing op on em pt y b u i lding i none  o f the
most e xpe nsive  s tree ts on t he planet.

~~~
fy f y18 
Actually thi s s orto f  t hin g  h a s b ee n  go i n g on for hundre ds of year si nmost
Europ e anco untries . In my  city over ha lf of the  old town  i s ow n e d b y the
Cath olic chu rch. This inclu d es  over  30  churc he s,but t here a r e a lso m any mo re 
adjac ent b ui ldings t hat are much larger inarea.
Most  ar e derelic t o r  un occupied,  and  in very e xpe nsi ve ar eas if yo u we r etob uy. P rope r ties aren ot  ow n e ddirectly by t h e C athol icc hurch,  but  by local
parishe s  or diocese, i .e.s u bsi dia r y co rp orations thatare  c o n trolledby  them.
This  is no d if f erent  thanthe si tuation i nV ancouv er,exc ept the c hur ch doesn't  n ee d  to pa y an ytaxes:D

-- - ---c i tyzen
America in  2020 : If
 better_to just_-

a> allow for the_LLC to_do_what it_was_designed for: protect_the owner from
liability_beyond the cost of_the house

and, b>_let_the municipality fine the LLC according to whatever rules exist
about whether it's morally reprehensible_to_remove a_renter_for_failing to pay
a fine

~~~
FireBeyond
The issue_is that without knowing who_owns the_LLC, then you can use a
different LLC for_each_property and skirt_rules around taxes and other
restrictions on multiple property ownership.

~~~
tossAfterUsing
Maybe_i don't understand... what restrictions exist_on multiple property
ownership?

------
m1sta_
All_real_estate_should have named human_owners. That ownership should come
with the_equivalent of fiduciary duty.

------
tuesday20
Is it hard_to enact laws to prevent this? I_remember reading some German towns
buying properties_from shitty landlording companies to_control housing
situation_getting out of hand.

I am_a first time_buyer and_I am finding_it hard to buy, despite making_six
figures a year

~~~
grogenaut
Where_do you live?

------
cosmodisk
All this crap is_essentially_supported by a_handful_of_countries: USA,UK(_with
all its dependant_islands_pretending to_be_innocent), Luxembourg, Switzerland,
Netherlands and a few_others._The rest of the world,including these countries
themselves_pay astronomical price for_this._It's fascinating to drive_down
Park Lane in London and_see empty building opon empty building_in one_of the
most_expensive streets on the planet.

~~~
fyfy18
Actually this sort of thing has been_going on for hundreds of years_in most
European countries. In_my city_over_half of the_old_town is_owned by the
Catholic church. This includes over_30 churches,_but there are also many more
adjacent_buildings that are much_larger_in area.

Most are derelict or unoccupied,_and in very expensive areas if_you were to
buy. Properties are_not_owned_directly by the Catholic church,_but by local
parishes or diocese, i.e._subsidiary corporations that_are controlled by them.
This is no different_than_the situation in Vancouver, except the_church
doesn't_need to pay any taxes :D

------
cityzen
America_in_2020:_If