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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

397 comments fedilink hide all child comments

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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[-] Manmoth@lemmy.ml 5 points 1 year ago* (last edited 1 year ago)

Real estate should be considered an investment. It's one of the few things people invest in that is actually valuable. It's the speculative and labrynthine financial markets that are the problem in that regard.

The only reason mega-renters like Blackrock and Vanguard are able to monolithically buy property in the first place is because of dubious speculative earnings and government bailouts.

It's not surprising that home ownership was actually a lot higher 60 years ago.

[-] CileTheSane@lemmy.ca 6 points 1 year ago

Real estate should be considered an investment.

Housing can be affordable, or it can be an investment. Not both.

[-] Manmoth@lemmy.ml -4 points 1 year ago

Why would I build a house if I can't make money on it?

[-] PurplePropagule@sh.itjust.works 7 points 1 year ago

...to live in...

[-] Manmoth@lemmy.ml -3 points 1 year ago

Obviously not talking about a property I intend to live in and not sell...

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this post was submitted on 24 Aug 2023

740 points (88.5% liked)

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