Quote:
Originally Posted by look 171
Oh yeah, I see how the fed gov is subsided the rich owners. You know they just fooked the Air B B owners. Around here, they can only rent 10 days out of the month max. For those owners cough up blood to buy a place so they can Air BB it. Suddenly, they got fooked because they caved due to pressure from the hotel industry. A piece of property isn't cheap in LA. Who's going to subside their lost? I like to know. Not only that. they impose more fees jsut to run an Air BB. The local police dept are talking about sticking their hand in the same cookie jar. They want a fee to help police the air BB. What BS. De-fund the police, they will fu#k someone else for it.
The house you live in isn't a business so there's no deduction allowed. You are already getting your interest deducted. Isn't that enough? They deduction is a huge off set for most Americans.
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Interest: what is your point? Business gets that deduction, and many more. Current tax structure is an encouragement for non owner occupied housing. I could literally swap deeds with my neighbor, we rent from each other, and we both save >1.5% per year. Why is that good tax policy? What’s the public good that is met that we should give out that break? How about not and we pay teachers more, or fix potholes, or lower everyone else’s taxes? Why do we subsidize owning property to rent it to others?
Airbnb: The dream of capitalism: innovate, plant your flag, then profit. Some regulation shows up that busts your dream it’s a taking and not fair, unamerican, communist even.
Consider a moment your neighbors - or really just the people that live next to that house you bought to rent and profit off? Shouldn’t you be paying them for the daily inconvenience of having a hotel in their midst? Race it all to the bottom and turn every place into a s-hole so you can profit. Why not open a dry cleaner while you’re at it.
You think that opposition just came from hotel industry? It also came from the neighbors that were sick of airbnb. How about you ask airbnb for a handout since they didn’t police bad offerings and/or engage with the local zoning board?