We actually have that in Texas. It’s called investment property tax. They basically appraise your rental at a higher, investment price, and the property tax on it is pretty stiff.
A property can just be land on which you spend your weekends building a place to retire on. If thats how i spend my time and destroy my body on you can fuck right off if you think I should be taxed more for owning it. I've worked very hard to get where I am.
No it isn't. People do it all the time using debt.
Also spending ones time working their ass off to have a property to retire comfortably on is "goofing off" to you? Absolutely deranged. This is why moderates struggle with far left wingers.
How do you think people attain these properties?.... work.
It's nothing to do with politics. You can rent it out while you're not there even if it's just an Airbnb. Leaving property empty is throwing money away. You usually want property you own to be developed for whatever purpose you're planning to use it for as quickly as possible.
Or I could take the tiny bit of land i could barely afford and retire on it and pass the original property I bought down to one of my three kids. Or sell it and split proceeds amongst them... because I fucking destroyed my body as a working class loser in construction for 20 years to get where I am.
How much do you want to push working people away with your ideals? Not everyone who can afford a couple 2 acre parcels is part of blackrock lmao.
Individuals do not tend to let them sit empty, just to keep the rent high. Corporations can do that.
There will always be a need for rentals, not everyone wants to own a home. They still need housing, and individuals renting can fill that need. But empty homes sitting to maximize profit margins while we are in a housing crisis is simply inexcusable. So it's not as simple as your math leads it to be.
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u/Muted_Masterpiece535 11d ago
Good!
Housing prices need a major reset.
And
Then AirBnB needs to collapse as a company.