Clearly someone recognised that as soon as they gain power. A lot of land lords would start refusing to rent. In the hope of creating a housing shortage and forcing the gov to reset.
The taxation forces them to either rent or sell. And sell at a reasonable price given changes in the market.
It prevents wealthy property owners trying to hold the gov hostage.
I had a better idea. What about every additional house you own drives up the tax rate on every house you own by 1-2 %? This makes it affordable to still own a vacation house if you really want one, but by the 3-4th house, there’s zero profit margin on the houses (if you’re renting them out and it quickly becomes pointless or expensive to own multiple properties.
The taxing empty property 2x is smart.
Clearly someone recognised that as soon as they gain power. A lot of land lords would start refusing to rent. In the hope of creating a housing shortage and forcing the gov to reset.
The taxation forces them to either rent or sell. And sell at a reasonable price given changes in the market.
It prevents wealthy property owners trying to hold the gov hostage.
I had a better idea. What about every additional house you own drives up the tax rate on every house you own by 1-2 %? This makes it affordable to still own a vacation house if you really want one, but by the 3-4th house, there’s zero profit margin on the houses (if you’re renting them out and it quickly becomes pointless or expensive to own multiple properties.
This just creates a market for fake tenants.
i would assume fraud would be illegal
As long as the government doesn’t catch wind, I don’t think landlords would give a damn.
if they are going to commit fraud anyway, then you might as well as pass the law