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Not if it was paid for by a tax on rental income. 100% tax on everything over the equivalent mortgage payment on the property would be a lovely cap on rent valu
by onion2k 5y ago
Not if it was paid for by a tax on rental income. 100% tax on everything over the equivalent mortgage payment on the property would be a lovely cap on rent values.
- josephcsible 5y agoThere are some benefits to being a tenant, but your proposal would basically make it impossible, since your landlord would have to be losing money.
- kube-system 5y agoThere's not an objective number for that. But if we assume there is, then you are simply guaranteeing that no rentals will exist, because landlords pay higher taxes than a resident mortgagor, and they have overhead.
- onion2k 5y agoOnly if you ignore the appreciation on the investment asset (eg the house). That's most of the reason to rent out a house - for the future sale of the property. This would just mean landlords would need to buy the maintenance costs until they sell up.