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Trying to be sarcastic and clever? Any taxes that you pay on your second home onwards simply gets factored into the rent and gets passed on to the tenants. It
by akudha 5y ago
Trying to be sarcastic and clever?
Any taxes that you pay on your second home onwards simply gets factored into the rent and gets passed on to the tenants. It is just cost of doing business, nothing more. The tenants suffer, not the buyers.
- deleted 5y ago[deleted]
- refurb 5y agoThat’s not how rent works. Just because the landlord’s costs go up doesn’t mean rents go up.
- harambae 5y agoYes, to some extent. The rent is dictated by the market price, which could be a gain or loss for the owner. But if every landlord's costs go up, then everyone's rent probably goes up, since the landlords are competing with each other.
- refurb 5y agoBut not all landlords have the same costs. When I was renting my landlord bought back in 1998, so their costs were likely $800 for a place that rented for $3,000.