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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 2 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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[–] 7 points 2 years ago (1 child)

Most landlords are like massive corporations, if all the property your corporation owned suddenly exploded it may rise a few eyebrows. Someone's rich aunt renting their second summer home isn't having that much of a detrimental effect on the housing market as corpos buying up all available housing.

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  • [–] 15 points 2 years ago (1 child)

    My point is they would find some way to legally dispose of their stock to artificially decrease supply and raise prices again. Its particularly the big corporations who would do this.

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

    Maybe but then like stop whatever loophole they are using. Doing nothing is quite a lot worse.

    Thankfully the housing market is still fine in my country so I don't have a dog in the race but people in the US should take some pointers from the French and fucking riot at this point. All of yall have like 5 guns per person yet you are like the most demure country when it comes to politicians and corpos just exploiting the fuck out of you.

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  • [–] 20 points 2 years ago

    people in the US should take some pointers from the French and fucking riot at this point. All of yall have like 5 guns per person yet you are like the most demure country when it comes to politicians and corpos just exploiting the fuck out of you.

    Careful, that kind of talk gets you labeled a tankie

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