Obviously this is for both, men and women, you know, the song “if I was a rich man” and i saw the meme with…
sigh just answer the question
Obligatory.
All day long, I’d biddy biddy bum
If I were a wealthy man
I would buy up as many apartments as possible and lower the rent below market value, this driving other landlords to compete. Since they could not maintain a “sustainable” business model with their profit driven mindset, they would sell and I would buy. I would still seek a modest profit, which would be rolled into further acquisitions to further infect the market with sanity. It would be a McDonald’s or Walmart approach to housing, positive effect by volume and low margins, but actually provide an undeniably good product.
I would also work with local businesses to offer discounts to residents of the apartments and employees of other businesses that also wish to partner, with the end goal of creating incentive to shop local and increase foot traffic, and therefore profits for those small businesses.
I would find residents who would be interested in starting a business, startup costs covered by my organization, and outcompetes with businesses who do not wish to be our partner. I would endeavor to provide free childcare and animal daycare/boarding. Ideally a pseudo private and free school system could be established to further promote the ideals of the community. Ideally provide free therapy. Ideally offer scholarships to traditional higher education or trade schools. Ideally create a system to help homeless people get back on their feet.
Overall the end goal would be to keep as much money within the local economy and maintain businesses that embody the values which create a healthy local economy, lower the costs of living, and restore the community to a healthy social state.
Or maybe I’ll just start a sex cult in the woods.
I think the housing market plan doesn’t seem likely to work. The real issue is not that current landlords are exceptionally greedy (the rules of capitalism assume and encourage everyone to be as greedy as possible), it’s that there isn’t enough housing stock to give everyone who wants one a unit. In economics, housing is more or less a commodity like everything else and thus follows the usual rule of supply and demand, i.e. insufficient supply drives up price until demand tapers down to meet it. If you buy up the city’s housing supply and then price them below the equilibrium price, the result will just be that far more people want a place than you will ever have supply for, since you are not actually creating any new housing supply, just buying existing supply from other people.
I would think you’d have more success getting into the property development and construction business, buying up vacant or derelict lots in the city, building them into blocks of flats, and then letting them out on the cheap. You’d also have to hire lobbyists to prod the council to change zoning laws to allow for this development and obtain planning permission. It takes a lot of political maneuvering to make a housing project successful, not only because of legal restrictions, but also because you’ll need amenities for your new development. Parking is a big one in the US unless you build a dense mixed-use development which is bureaucratically difficult to get planning permission for, but there’s also considerations like whether the nearby bus line can handle the influx of passengers, whether the neighbourhood school can handle a hundred more pupils, whether there’s a grocery store nearby, whether the area “feels safe”, and so on.
Kind of the reason why State-run public housing schemes are so successful is because they are a government agency that has the power to brute-force the solutions to these problems. Zoning codes? Overruled. Public transit? Ordered. Schools? Built. Private developers don’t have the power to do these things and have to beg the council for them instead.
it’s that there isn’t enough housing stock to give everyone who wants one a unit
There are >27 empty homes in the US for every homeless person.
It’s not just the homeless in need of homes. You also have the ⅓ of people aged 18 to 34 still living with their parents, and the people who have to crowd into a 4-bedroom flat with five other people. Granted, this also includes people in school or those who just like living with their parents despite being able to afford their own place, but it still represents tens of millions of Americans.
Trust me, almost nobody purposefully keeps a house empty that they’d be able to let out. If a house is vacant, it’s probably because it’s subject to a legal dispute, derelict and uninhabitable, slated for demolition, for sale, or being used for short-term rentals (which should also be banned but that’s only tangentially related).
I’ve been thinking if I could ever afford it, maybe work with section 8 to actually buy the property for the “renter”. Sort of a lease to own, except section 8 pays. Once I’ve gotten my money back plus a small profit the home belongs to the tenant, and I build more housing, rinse and repeat. Would probably need to hire someone to help people manage that though. Some people don’t know how to maintain a home because they’ve always rented or because mental illness or whatever.
If I were “influence the government” rich I’d probably start an organization designed to facilitate and encourage the spread of cooperatively owned businesses by providing loans to unions to purchase stock in their employers and by loaning money to start cooperatively owned businesses.
I’d also probably lobby the government for more protections of individual rights and environmental protections and more human focused urban development prioritizing shared mass transit and bicycles over cars.
Lifestyle, I’d stick to a middle class life. I don’t need things to be particularly nice to be happy, just more time with the people I love and the ability to partake in community
