Maybe she should close her legs
- Every Republican male.
Empty rental properties should be taxed at their rental rates, regardless of if there is a tenant in them or not. Wanna rent out slums for 1700 a month, well, you aren’t going to pay taxes on that property like the 90k shithole that it is.
To go a little further, if you’re listing a house, you should pay taxes on it monthly based on the list price. Seen way too many shithole with a fresh coat of paint hiked 150k above their actual value.
Taxed at whatever the adjustor lists as the price. So big corps can by up all the houses/apartments in the area really cheap, and then hike the price up in an inelastic market while pay taxes at a much lower rate.
This is state by state. In some states you pay according to regular reappraisals and in some states (generally those with worse housing markets) you do not.
You had me until the selling of the house. Plenty of normal people’s only path to any kind of wealth is selling their property. Hurting them more is not the way to go.
Multi home owners, apartment rental owners, sure tax the shit out of them.
Normal people selling their normal house at a normal price would not be affected. Only people trying to sell/rent trash for a premium would suffer, as they should, since they are gouging people and artificially inflating the market.
If it’s trash it won’t sell. Dictating how much people can ask for their own belongings is some authoritarian shit I want no part of.
You’re including as people who should be punished:
– people who have lived in the same place a long time
– people who can no longer afford to live in gentrifying neighborhoods
– elderly who need to downsize or move to a place with more accessibility or assistance
While I understand the urge to punish with taxes people getting excessive profits from real estate, you need to be careful of potentially cruel side effects
Homes should not appreciate in value, and we need, as a society, to stop viewing home ownership as “nest eggs” and wealth-building tools.
If housing value constantly goes up, housing prices are constantly going up. Homes cannot be a method of building wealth and also be affordable to people.
Raising taxes on landlords raises the rent.
I personally believe taxes should be a mechanism of negating bad behavior or preventing harm to communities/the people.
I don’t personally think taxes should be used for punishment, but I think the rules of a system should be setup to achieve the desired outcome. The rules right now are setup to benefit a few entities owning most of the real estate, and we need to build a system that makes it more expensive to own homes if you already own a home, and it should scale based on how many you already have. Also, there should be penalties for gouging people. All the pharma bros who have been hiking the price of medications through the roof have revealed that most of the people in the USA are vulnerable to captive markets.
The rules right now are setup to benefit a few entities owning most of the real estate,
Strange then, that this has not occurred.
They currently own 4.7mm out of ~75mm homes. It’s just more in Cali, which is probably where the person you heard this from lives.
Here’s an article warning against the practice with data
https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html
we need to build a system that makes it more expensive to own homes if you already own a home,
I don’t know how most places work, but my state does this by assessing property at whatever rate, for everyone, but you get an exemption on part of the assessed value for your primary residence. My house is taxed as though it were worth $60k less because it’s where I live, not an investment or business . This seems like a good idea that would do exactly as you suggest (although that exemption should arguably be higher and should increase once in a while)
As if a single mother of 4 could ever get close to affording a house
You can afford a house in most states on about $100k. She’s just a single mom, don’t assume she doesn’t have a solid education.
Sexists in here, smh.
$100k is almost double the average income of single mothers (of ANY education level) though, and, again on average, more than a third of their income go towards childcare.
Add the fact that someone with 4 children would pay MORE than average in childcare and other expenses including ridiculously high rent and there REALLY isn’t enough left over to ever afford a house anywhere but the least desirable parts of the least desirable states.
I’m not being sexist, you’re downplaying the ongoing national emergency of deep systemic poverty.
Person 1: “She couldn’t get this much money”
Person 2: “Here are ways she actually could”
Person 3: “SEXIST!”
This is so ridiculous conversation
But now she can rent it and pay their mortgage!
I have to raise rent on the single mother of 2 again…
Inflation hits us all honey.
Of course, it would be terrible if you could no longer afford the lifestyle you are accustomed by profiting off of others labor
Do you have to? or are you driving a fancy car, taking vacations, buying name brand clothing, spending money on over priced drinks… i don’t think you have to, i think you care about spending money on something that doesn’t matter more than that mother and her children.
“Nice” cars, taking a Vacation, and name brand clothing isn’t the demographic of rich we should all be fighting against. The actual rich wouldn’t define anything they do or buy that way. They don’t buy nice or fancy cars, they buy luxury cars. They don’t buy name brand clothes, they buy designer clothes. They don’t go on vacation, they just travel to their 10th summer home on their 3rs yacht and take a couple conference calls on the way.
I hate seeing the definition of middle class and the lower class fighting against each other. That’s literally what the ultra rich want, they love it, it’s their other favorite hobby.
Just because someone might barely make it out of the lower class and be able to afford a higher trim level on their Honda, and actually take a vacation doesn’t mean that’s a bad thing, what should fighting together for that be a thing for everyone in the lower class.
Yes i have to. Every unit has to be a net positive to itself or at least stay a small net negative so other units can catch a non-scheduled repair. I’m pretty sure the tenant wouldn’t be happy to have to look for a new place just because a pipe broke.
Yes, i drive a Taycan and my wife has an ID.5.
Yes, i sit in my garden and enjoy whatever the weather allows me to.
Yes, i exclusively buy clothes made from good quality natural materials. A sweater of the brand of clothes i buy costs about 160€ and lasts about 8 Years. I have not had to replace one yet and i own about 40 pieces of clothing in total. Not counting suits.
What is an overpriced drink? I drink filtered tapwater, sometimes carbonated and at the rare occasion that i eat in a more fancier setting i drink Sprite.
Are you raising it proportionally to the costs you’d expect to see the next year for that unit and factoring in any expected equity were you to sell? I’m always curious how these rent hikes are calculated. Have you ever reduced rent?
I cannot tell you how conglomerates do it, but i can speak for myself.
I own 10 Units that i rent out. I raise rent depending on what i think next year is gonna happen. But i also have 2 companies that generate income that i take into account a tiny bit.
It’s been fucky since the Corona™️ though so i kept raises to the same level they were in 2019. About 4% a year.
I raise my rent to market value whenever i have a change in tenant.
I have never reduced rent. My costs have never gone down. If anything i didnt raise rent one year.
I cannot keep rent the same forever because inflation and other cost increases would just eat at the foundation and if something breaks i will have to just sell the entire unit.
What part of your expenses went up. Your own or the cost of owning the home?
All of them. Food, gas, petrol, property tax, car payments, electricity, water, my employees… you name it, it got more expensive.
Guess what… aside from property tax and employees (which are your cost of doing business), your tenants also have to shoulder all those extra costs. And now they get slugged by your rent increases as well.
Exactly the problem. You rely on other people to pay you more than a thing is worth so that you can remain in a lifestyle that is no longer sustainable. Fuck you.
Maybe you could fall in an open grave and just never come back out? What if you did that instead?
It must be weird to know that just dropping dead would actually make the world a tiny bit better than not. I wonder if that’s how an intestinal parasite feels?
I think it would make the day of my employees harder for a few months.
I think it would make the rest of all of my wifes days really really bad.
I think the only people who would be happy that i just died would be people on the internet with superiority complexes.
You should buy a better life insurance policy. What kind of person doesn’t plan for the possibility of their spouse needing to be on their own?
Wait, we already know EXACTLY that kind of person, don’t we?
