I would structure something like this: 1st or main residence to be 100% tax deductible with regards mortgage interest, property taxes, insurance etc. 2nd property wouldn’t qualify for any kind of tax deduction. 3rd ++ you will pay taxes in unrealized capital gains on the property. This should be enough to deter buying houses for investment purposes.
“Limits” isn’t enough. One house maximum per person, only to be occupied by the owner. Period.
I would structure something like this: 1st or main residence to be 100% tax deductible with regards mortgage interest, property taxes, insurance etc. 2nd property wouldn’t qualify for any kind of tax deduction. 3rd ++ you will pay taxes in unrealized capital gains on the property. This should be enough to deter buying houses for investment purposes.
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