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Unfortunately real estate deals like the one described in the article are exactly what a lot of landlords are looking for. They are so attractive because many o
by southphillyman 9y ago
Unfortunately real estate deals like the one described in the article are exactly what a lot of landlords are looking for. They are so attractive because many of these landlords live in expensive big cities where the margins are lower.
- Chaebixi 9y agoCould taxes be drastically increased on rental properties in this area to incentivize owner-occupied homesteads? It seems like neglect by absentee landlords is a big part if the problem, so the money could also be used to increase enforcement against neglected properties.
- shiftpgdn 9y agoThis is how things work in Texas. You are allowed a homestead exemption to reduce your property tax by 1% or so.
- Chaebixi 9y agoYeah, it's how it works where I live too, but what I had in mind was cranking the taxes (and the homestead savings) even higher to drive out bad landlords and up enforcement against the ones that stay.