Quote:
Originally Posted by look 171
Why does everything have to have a social benefit? Write offs are just that, write offs to off set their expenditure. Do you really think it would lower housing cost by removing the ability to write offs? We are forced to fixed the buildings we own down to a single paint chip under the eves by the housing inspectors. If we can't write off the expense of maintaining our buildings, what's the incentive of investing in them?
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Raise the rent to maintain your investment or business expense.
Tax break for our rental costs means everyone pays, instead of you and the tenant. Which brings us to ‘why social benefit’ why roads, why is tax money spent on anything? It’s supposed to be to get useful common good stuff done. Giving tax breaks for rentals is forcing everyone to subsidize them, of course we should agree there’s a good reason. An alternative, instead of sweet deal for rental owners, give tax money to the renters themselves. Or don’t. I’m just saying current policy is a structural reason why homeowners don’t have a level field against the corps.
We can decide as a society that we want owner occupied houses, clearing rental owners out of market can only lower prices.
I’m skeptical any of this will get fixed though…. Way too much interest in the profits of the status quo.