4 ms·
IMO extra properties should be heavily taxed. Say you have more than 3, it should basically not be profitable anymore. No one wins if people are hoarding houses
by aprdm 4y ago
IMO extra properties should be heavily taxed. Say you have more than 3, it should basically not be profitable anymore. No one wins if people are hoarding houses
- logisticseh 4y agoTotally agreed. Petite landlordism is causing is a LOT of economic damage to Gen Z and even younger millenials. It's a much larger problem than REITs, IMO.
- BeetleB 4y agoWould a duplex count as one property or two? How about a 4-plex? Would this apply to apartment complexes as well? As in, it won't be profitable to own more than 3 complexes? Would that result in most capital going into megacomplexes and fewer people wanting to buy small apartment complexes with only, say, 10 units? Not disagreeing with you, but there are nuances involved.
- wyre 4y agoYa I think per building would be a good metric. We need higher density housing. Megacomplexes accomplish this.