If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
I firmly believe every home after your second (let retired people have their cabins) should be taxed exponentially.
The third home should be taxed so heavily that it’s prohibitive, and the fourth should be taxed so highly that it’s impossible to profit off of.
Should be the same concept with rental units. Taxes should go up exponentially for every unit you own over a certain limit. Of course if there’s is a limit to how many homes or units a person can own, they will just create thousands of small corporations to own them.
Have to ban corporate ownership of residential property as well or some other fix.
no. at 100% mil rate. ie: its value. every year.
if you can’t afford it, then sell it to someone who needs a home. :)