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There's a really nice solution that works well in Switzerland - you either pay tax from the actual rent or a tax on a virtual rent, if the property stays unoccu
by michpoch 3y ago
There's a really nice solution that works well in Switzerland - you either pay tax from the actual rent or a tax on a virtual rent, if the property stays unoccupied.
Vacant properties are around 1% here.
- is_true 3y agoWell played. How do they decide if a property is rentable?
- michpoch 3y agoWhy would it matter? If you keep paying the tax it'll be a good motivation to make it rentable or sell it to someone who can do it.
- jeffbee 3y agoSwitzerland also has an imputed rent tax for owner-occupiers and a majority are renters. It’s an unusual market.
- userinanother 3y ago1% is insanely dysfunctionaly low. It doesn’t allow for units to stay vacant between tenants for repairs and cleaning. At 1% the unit is vacant for 3 days every year on average. That’s not enough time for basic things to be done and indicates an incredibly tight rental market
- michpoch 3y ago> It doesn’t allow for units to stay vacant between tenants for repairs and cleaning. Cleaning is done by the previous tenant, or usually by a company the hire. Repairs are done on an on-going basis.
- HDThoreaun 3y ago1% vacancy rate is unequivocally bad. It means the rental market is far too tight and proper repairs are not being done.
- michpoch 3y ago> It means the rental market is far too tight and proper repairs are not being done. Why wouldn't they be done? What repairs are we talking about?
- HDThoreaun 3y agoThere literally isn't time for it. 1% vacancy leaves less than 4 days to turn a unit over when someone leaves. That's not enough time to repair units.