Yeah. I am in favor of a high tax on absentee ownership of real estate. Deduct the property where you live and where you work. Everything else gets taxed heavily.
It's pointless. One can have multiple temporary residences. The Swiss have already solved this. You pay the same amount of tax regardless if you keep the property empty, live in it or rent it. It's calculated as a percentage of average rent in that area which gets updated with market prices every 6 months or so. They also have low VAT and corp taxes.
But the Swiss make you pay an income tax on rent you would have made if you had rented it. Land value taxes are probably better than that.
Not really. One could graze cows on land, or run a casino.
But then either you can afford to buy your home or you have to live on the street...
Absentee ownership is not equal to renting it out.
We should exempt rent-to-own contracts. If the contract vests ownership over a 20 year period or less, then it should count as owned by both sides for the purposes of this tax proposal. Bonus, we reduce the influence of banks.