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What is an average person living in the US supposed to do about corporations raising prices?
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this post was submitted on 04 Jan 2024
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I have always thought the best method to deal with it is to tax all properties owned beyond the first, or uninhabited homes. So the single family home owned by a family who lives there doesn't see much property tax increase but anyone owning 2 or more homes does. Based on your experience would this be a viable solution? Or am I missing something obvious here?
Most real estate is owned by "123 street LLC", meaning each LLC owns a single house/building. I'm not even sure how you would get around that realistically, and it's not just companies that do that. If I ever get to the position of buying a house (....yeah right lol), I intend to do the same thing.
On top of that it gets weird with multiple houses because they're in different locations with different tax rates and AHJs. Even within the same city you can be paying taxes to different counties. I'd like to see something like owning 2 houses = 2x taxes, 3 = 3x, etc. But then people could game it based on different tax rates, so you'd have to have a system to apply it to each AHJ equally.