Housing is something people need to live, not an investment option.
Also, USA has a problem with building large apartment buildings, where even overcrowded places like san francisco still build single family houses, instead of 5, 10+ story apartment buildings everywhere.
here you can build a multi apartment building, sell each apartment as a separate unit to different people, and the common property (hallways, grass around the building, etc.) is divided between the apartment owners (and they pay whatever amount for taking care of that). After all the apartments are sold, the investment firm owes nothing there anymore. Of course they pay VAT, their profits are taxed, etc, when selling the apartments, but after that, they have nothing to do with that property anymore.
What I was talking about was basic property tax, which should be higher for each property (house, apartment,...) you own. This would make owning many properties very expensive, and force people to sell.
Well, that's what you'd expect, no? After they sell the units, then whoever owns the units pays property tax on them.
Or do you want to pay property taxes on a unit you no longer own?
I was just saying that my idea is not problematic with multi apartment buildings, because once the apartments are sold, the owner doesn't have to pay property tax anymore.