3 ms·
If you want to support individual home ownership against well-capitalized REITs, I think you basically need local governments to impose some kind of vacancy tax
by pbronez 6y ago
If you want to support individual home ownership against well-capitalized REITs, I think you basically need local governments to impose some kind of vacancy tax and/or an non-owner-occupancy tax. Otherwise individuals will never have the financial firepower to keep up.
- sokoloff 6y agoIf that's your goal, you should also support the mortgage interest deduction (to put owner-occupied borrowing on the same footing as commercial borrowing) and the deductibility of state/local real estate taxes on your federal return (for the same reason).