this post was submitted on 03 Sep 2023
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Triple property taxes for units not occupied by owners. Quick fix.
how does that not just increase rent?
Property taxes of 100% for units not occupied by owners. Income taxes on rental of 110%.
Problem solved.
I don't think you have put any thought in to this. How would that solve anything exactly? If you taxed rental income at 110% then nobody would ever be a landlord, and all existing landlords would evict their tenants immediately, leaving millions homeless. Do you just want a system where you can only live in owned properties and renting is forbidden?
Note also that I want to tax all non-resident properties at 100%. There'd be a lot of homes to go into.