Yes Taxes. I keep proposing that idea in threads like this.
Live somewhere 35% or more of a tax year*(or if sold/bought)? Counts as a primary residence and the low tax bracket. OTHERWISE it's a rental and will be taxed _hard_. Even if unoccupied.
Live somewhere 35% or more of a tax year*(or if sold/bought)? Counts as a primary residence and the low tax bracket. OTHERWISE it's a rental and will be taxed _hard_. Even if unoccupied.
Also, raising taxes just raises costs for renters. The solution to housing affordability is building more housing. Align the market incentives to build more housing, don't try to fight against market forces.
Land taxes are not arbitrary, it's a way of generating revenue from the single most important shared resource.
> Also, raising taxes just raises costs for renters.
Landlords usually have more pricing elasticity than renters, therefore taxes will have a depreciating effect on housing prices.
> The solution to housing affordability is building more housing.
Don't disagree
> don't try to fight against market forces
Increasing supply and using supply more efficiently are both important