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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)
submitted 3 years ago by to c/personalfinance@lemmy.ml
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cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] 4 points 3 years ago (1 child)

Can't drive a car without a license, rules around usage of things you own are pretty standard.

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  • [–] 4 points 3 years ago (2 children)

    I can still buy a car and have it just sit there. The driving part is due to affliction of other people's well being. Me raising the money to buy a house and deciding I want it as a summer stay location, so I leave it sitting there while I'm somewhere else would have no harm on another's life.

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  • [–] 2 points 3 years ago

    So lets turn it into the extreme.

    Say you are so rich, you buy every house on the planet. Which you will use as your summer/autumn/winter/spring stay locations.

    Would that still not harm on another's life?

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