this post was submitted on 08 Mar 2025
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A Boring Dystopia
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100 in rent - 100 in mortgage cost = 0.
The gains are by the inherent value of the asset. You would need to tax the sale of the property because that is where the profit is realized.
My point isn't about a semantic difference in the definition of a word. It's that blanket policy that isn't well thought out doesn't actually solve any problems, it's helpful to take some time to actually think things through, get a better understanding of what is at play and come up with real ideas that can be actioned if you want change.
There's also building upkeep insurance and taxes to pay.