4 ms·
Just tax non primary residences at a much higher rate. Housing crisis solved.
by only-one1701 9mo ago
Just tax non primary residences at a much higher rate. Housing crisis solved.
- anal_reactor 9mo agoCapitalists hate him! Use this one weird trick to...
- HeyLaughingBoy 9mo agoThey already are.
- kccqzy 9mo agoNot enough. Things like 1031 exchanges should be removed from the tax code.
- smileysteve 9mo agoOnly on a local level. And businesses can already expense that tax, so it's 20% off, while individuals have been subject to the SALT cap
- only-one1701 9mo agoClearly, not enough!
- VirusNewbie 9mo agoAs someone who generally hates taxes I support this. Taxes at best should be used to discourage externalities and rent seeking. However, California even tried to repeal prop13 for non primary residence and it failed! So i'm not sure how popular this idea is.
- kingstnap 9mo agoI think that it should be a ramping rate, the idea being that a 1x landlord should be able to outbid a 2x landlord and so on. In theory this encourages a sort of spreading effect where at some point the Nth property is too expensive to buy to rent or speculate on, which naturally stops the exponential effect of making land lording your full time gig by continuously expanding the portfolio.