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 Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml
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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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[–] sharedburdens@hexbear.net 1 points 1 year ago (1 children)

Housing can get built without the professional middlemen involved, believe it or not.

[–] SwingingKoala@discuss.tchncs.de 0 points 1 year ago (2 children)

And who pays for it and owns it?

[–] uniqueid198x@lemmy.dbzer0.com 1 points 1 year ago

Heres one of the largest housing developments in new york: https://en.m.wikipedia.org/wiki/Co-op_City,_Bronx

[–] sharedburdens@hexbear.net 1 points 1 year ago

People, collectively.

Ideally all the shitheads obsessed with "owning" get removed from the equation