Economics

1696 readers

12 users here now

founded 5 years ago

MODERATORS

380

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]

120 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

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

@CrimeDad the low homelessness is due to the highest rate of public housing outside of self-identified socialist countries. The first several decades public housing was primarily for relocated squatters and shanty inhabitants, but since the 1980s they've promoted it for middle class and upper middle class improving the public housing stock.