Quote:
Originally Posted by zakthor
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?
|
Sounds like you don't like it because the tax break didn't benefit you. I don't like AirBB on my street, but can or should we have that right to stop what our neighbors do with their place? Should your neighbor be able to stop you from renting a room or renting out your car like Turo? Hey buy expansive car, put it up for rent few times a year, write that off. You don't seem to mention anything about that?
You kept on about the tax benefit on business but that how the tax laws are written. I kept asking you to explain about how current tax structure benefit owners with none occupy housing?
Going out for a bike ride, be back with popcorn.