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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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Hear hear.
We need tax on every home owned beyond the first, getting progressively higher with each one owned. For individuals and especially for corporations.
Ehh...I'd rather a progressive tax system. I.e. tax rate increases with number of units.
Both of my landlords have been small private operators. First one owned a multi-family right behind his house and rented out the whole thing below market rate to friends and family.
Second one was closer to market rate but was the only property he had and landlording was supplementing fixed income.
I've got friends planning a long-distance move and renting when they arrive and for the foreseeable future. They own a home here (in a much higher COL area), and know eventually they will probably have to move back (aging relatives).
They recognize that if they sell now, they'll never be able to buy another house when that time comes, but also think market rate for rent is insane compared to what they pay for mortgage now or rent in their new location.
I don't think people in either situation should be excessively taxed. There will always be a need for people to rent a home. As such there will always be a need for someone to rent them. But it shouldn't be a high-profit enterprise.
People who gobble up property and treat landlording as an enterprise or even as a primary source of income, are garbage, and should be punished. People who are trying to keep their house 'in the family' but don't need it for an indefinite period shouldn't be published.