If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
This doesn’t make sense when you consider a lot of land isn’t farmable. And if it’s fixed per acre, then you aren’t really taxing the value of the homes on the land either. The simpler solution is kind of what OP is saying, for each additional home you own there is a multiplier on its property taxes. Say your rate is 1% on your first home, it’s now 2% for the second, 3% for the 3rd, ect. Have 100 homes/apartments, you will be paying 100% of it’s assessed value in taxes each year. It would be interesting to see how that plays out and someone a lot smarter than me could run the simulations of how to disincentivize corporate land ownership without destroying people’s abilities to own homes.
I strongly disagree. Lol. The number of homes doesn’t matter. Land is land. Everyone should be able to own an acre at an affordable price. If greedy pigs want to gobble up all the land and keep it for themselves they should pay more. Only farmers should get an exemption for using land to grow food.
I don’t get what you people are talking about. “but I own two house son my land” like you want special treatment because you own more than one house? If anything you should pay even more in taxes. I don’t get it. So many rich people want special treatment for being rich.