This would get messy with inheritances. So if you own and a family member passes away, you'd have to either move into that home for two years or it would be worthless to sell? That's going to create some perverse incentives regarding old folks and housing.

Related to why someone under 25 might own a rental unit.

Also, would this apply to non residential rental properties?

[–] rekabis@lemmy.ca 1 points 10 months ago* (last edited 10 months ago)

This would get messy with inheritances.

So make this an exception, on the condition that the child can be classified as an adult by the courts.

And if it’s someone under 25, there is a high likelihood that they’re still living at home and have already occupied the home for some time already. The passing of the parents would have triggered an insurance payout on the home (which is standard in Canada) so there wouldn’t be any kind of mortgage to continue paying, only property taxes. Remaining in the house would be achievable even with a minimum-wage job.

Also, would this apply to non residential rental properties?

My proposal targets only residential properties. Why would it have any effect on non-residential rentals? The entire purpose of that proposal is to deal with parasitism in the rental market, not anything else.