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Think of it as a tax just like on land, but for buildings. The reasoning is that housing represents an asset that should not be bought just for speculation, i.
by hvidgaard 7y ago
Think of it as a tax just like on land, but for buildings.
The reasoning is that housing represents an asset that should not be bought just for speculation, i.e. buy it and let it sit empty until the price is high enough for the investor to make a good profit. Of course they're free to do just that, but all housing which people can live in, are taxed as if you had that income.
- C1sc0cat 7y agoI could see the argument for a second home but for a home you are living in it seems counterintuitive if not against natural justice
- anthonypasq 7y agoGenerally with this system you wouldnt actually be paying a mortgage in addition to those taxes. Its created to prevent people from accumulating real-estate and renting it.
- C1sc0cat 7y agoAs opposed to real estate companies sounds like one rule for the "little" people and another for companies. Penalises accidental land lords when you inherit property from your parents grand parents.
- deleted 7y ago[deleted]
- bzbz 7y agoRight, right, inheriting mansions from deceased ancestors, a highly frequent occurrence for the “little people.” Don’t worry, I don’t think we’ll see this apply to too many lower-income (aka little) people in America.
- C1sc0cat 7y agoActually it would hit a lot little people who inherit modest homes from parents and grandparents. And this was about the Dutch tax system.