this post was submitted on 24 Aug 2023
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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 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (17 children)

I think it should just be illegal to not rent out real estate. People shouldn't be allowed to just park money in housing.

[–] [email protected] 10 points 1 year ago (9 children)

"You shouldn't be allowed to own something and use it for any purpose that you want, just because you bought and own it"

The fuck.

[–] [email protected] 4 points 1 year ago (1 children)

I believe that you should be able to keep a property empty if you choose, it should just be taxed in a way that's proportionate to the damage it causes to the community.

Empty properties inflate housing costs -> Increased housing costs reduce the amount of people willing to live in the area -> Which reduces the amount of people able to work for local businesses.

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