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Easy solution... triple the real estate tax on all second homes all over the world. There is no sensible logic in why real estate is treated like the stock mar

Easy solution... triple the real estate tax on all second homes all over the world. There is no sensible logic in why real estate is treated like the stock market.

avasylev 9y ago
I like idea of taxing higher unoccupied homes. If someone wants to make investment, great make investment and either pay high taxes (support folks who do live there) or have to rent it.
- blobbers 9y ago
  Vancouver did this.
  - r00fus 9y ago
    Sort of - they just apply a tax on unoccupied homes. As long as it's rented, the owner does not pay the tax.
ams6110 9y ago
Ridiculous solution. Even pretending there is any taxing authority with jurisdiction "all over the world" using tax code to try to change behaviors just creates a lot of creative avoidance and unintended consequences.
- JKCalhoun 9y ago
  > using tax code to try to change behaviors It's what we do though. Mortgage loan interest deductible to get people to purchase homes, capital gains tax is low to encourage longer-term investing....
TheSpiceIsLife 9y ago
Which property owners, or aspiring property owners, are going to vote for that?