Because that's plenty to not be a large scale leach. It's quite a few cheaper homes, but not a lot in places like San Francisco, and despite the massive amount of hate for all landlords, people do sometimes need to rent homes instead of own them. People who plan to move, for families that go around in contracted jobs that spend a year or so in one city, etc.

https://lemmyverse.link/lemmy.world/post/43677632

Shouldn’t be any at all, else you see parent companies (e.g., Alphabet) just fragment their investment companies into bunches that handle no more than $150m at a time. Or $10m. Or $5m. At a certain point, it’s just the same system with updated paperwork.

Bring this to Canada next.

Wake me up when the bill is actually passed.