• halcyoncmdr@lemmy.world
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    1 day ago

    Companies should be limited to like 3 single family homes. This allows for individuals to have an LLC for rentals, but prevents hoarding homes solely for investment with no intention of renting at reasonable rates.

    Homes that aren’t used as a primary residence should have higher taxation. Rentals that are not inhabited should have taxes increased until they are rented out, to prevent setting ridiculous prices no one will ever pay and having viable housing sit unused for years on end.

    • NABDad@lemmy.world
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      24 hours ago

      I’d add that rentals should be inhabited in a more or less permanent basis.

      Purchasing a house so you can rent it out as an AirBnB should leave you taxed as if it’s unoccupied.

      • halcyoncmdr@lemmy.world
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        24 hours ago

        Oh short term rentals shouldn’t count at all, regardless of the method used to rent them out.

        Single family homes should be used as single family homes.

    • tburkhol@lemmy.world
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      1 day ago

      Homes that aren’t used as a primary residence should have higher taxation.

      Generally do: primary residence gets a “homestead exemption” that substantially reduces property tax. In my area, it’s around 50% reduction.