A slight variation of this is a very common model in New Delhi in India.
Builders contact Single family owners proactively to convert their residence into 4 units at 4 levels with a car parking at the 1st floor.
Builders:
1. Find an equivalent rental unit for the owner, relocate them and pay their rent for a year.
2. Finance and build the 4 floors.
3. Owners relocate back to one floor and rent out 2 floors.
4. 1 floor is taken by the builder as fee for the project.
Builder got paid, owner has a new home, and has lifelong rental income as well. All round win-win situation.
This is what happens when governments and local authorities get out of the way and let capitalism work.
A slight variation of this is a very common model in New Delhi in India.
Builders contact Single family owners proactively to convert their residence into 4 units at 4 levels with a car parking at the 1st floor.
Builders: 1. Find an equivalent rental unit for the owner, relocate them and pay their rent for a year. 2. Finance and build the 4 floors. 3. Owners relocate back to one floor and rent out 2 floors. 4. 1 floor is taken by the builder as fee for the project.
Builder got paid, owner has a new home, and has lifelong rental income as well. All round win-win situation.
This is what happens when governments and local authorities get out of the way and let capitalism work.