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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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[–] Flyberius@hexbear.net 41 points 1 year ago* (last edited 1 year ago)

Ok, so you want the government to be the landlord as you have more trust in a government monopoly than in a market.

Yup. Basically. Although it is worth noting that the type of government we currently have, beholden to capital, is not trustworthy. Their priorities first and foremost are to serving corporate interests, which is probably why you trust them so little. Any power or public capital they are entrusted with gets pumped into private companies whose sole purpose is to make as much profit as possible for as little expenditure.

Any government brave enough to outlaw private landlords is going to have much more socially oriented priorities and will be much more inclined to serve the public good rather than the almighty market.