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] 6 points 1 year ago (1 children)

Real estate should be considered an investment.

Housing can be affordable, or it can be an investment. Not both.

[–] [email protected] -4 points 1 year ago (3 children)

Why would I build a house if I can't make money on it?

[–] [email protected] 7 points 1 year ago (1 children)

...to live in...

[–] [email protected] -3 points 1 year ago

Obviously not talking about a property I intend to live in and not sell...

[–] [email protected] 5 points 1 year ago (1 children)

Because you want a nice house to live in?

Building should be profitable, owning should be of limited profitability.

[–] [email protected] -1 points 1 year ago

All you've done is move the point I'm arguing to the building process instead of renting.

[–] [email protected] 3 points 1 year ago

Building is separate from owning.