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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)

You can rent from someone else. That’s actually easier than moving cities, states, or countries.

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  • [+] 42 points 3 years ago* (last edited 2 years ago) (1 child)
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  • [–] -2 points 3 years ago* (2 children)

    If you want to argue that the government should develop low cost housing, that’s an interesting discussion. In general, “supply” regardless of how it’s created, is the answer to high housing prices. I do fear that you’ll be dissatisfied with the quality of that government housing.

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  • [–] 35 points 3 years ago

    No it's not. That's why you have houses and apartments for hypothetical millionaires going empty because no one can actually afford them. As long as homes and real estate have speculative value there is no guarantee that "supply" will positively affect prices or affect them enough to provide housing for everyone.

    The simple fact that there are more empty homes and apartments than there are homeless people disproves your premise.

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