2026-09-26 23:50 UTC
For rental/investment properties there's already tax on the profits. Property tax is just double dipping. All it does is pushing up the rents because companies want to be profitable. Tax (increases) immediately show up in rent increases.
Replies (1)
-
@PopulistRight@poa.st 2026-09-27 09:15
@BroDrillard@nicecrew.digital @Heil_Honkler@poa.st @jb@nicecrew.digital @nigga_tyreese@poa.st Yes, but if no tax on one's primary residence, and rent becomes higher than a mortgage-payment, then the incentive is to end landlordism, and everyone owns their own place. As part of this, equity and interest should be paid in proportional amounts starting with the first mortgage-payment, so folks start building equity immediately.