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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 [email protected] to c/[email protected]

414 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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[–] [email protected] 47 points 1 year ago

Go and have a look at Russia to see how how this communist/socialist mindset worked out for them.

With an 89% home ownership rate? Yeah, damn, it would really suck for 9/10 people to live in a home that they own.

Almost all the top countries on that list are socialist or were socialist until the 90s. It's almost as if socialism actually results in homes being treated as basic needs for people instead of commodities for landlords to make money off of.