Quote:
Originally Posted by 1990C4S
There is a lot of hate for people who own multiple homes, and it's generally unfounded. People with multiple homes rent them out, they don't sit empty, they don't get removed from the housing supply. But it's an easy target.
You can expect tax changes at some level, not to fix the problem, but to raise money in a way that appeases the masses.
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It doesn’t seem fair to me that rented houses give their owners tax write offs. What societal benefit is there to subsidize my holding the asset? Removing that benefit would lower housing cost.
Today a prospective home liver bidding against me is dealing with entirely different costs. Mine are much lower for a house that needs work. Doesn’t seem fair.