"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
True I guess I was reading more into the original comment on taxing more than appreciation and such. I know there are tax benefits to primary residence already, which maybe covers their original idea, but I figured it would be even higher taxes for foreigners for non-primary residence or something was what they were suggesting.
So they’re buying a new house every few years and selling the old one? If they have only one house at a time, I don’t really care much. The issue is when billion dollar corporations buy up single family homes to rent out, not an individual buying a house to live in and sell it in a few years
I mean, if they lie about their primary residency, that’s a whole set of legal problems they’ve got themselves in
Even if they lie requiring X months would at least put a cap on how many they could own since there are only 12 months in the year.
Iirc primary residency is already living in a single home more than 6 months out of a year, or where you lived the majority of the time
True I guess I was reading more into the original comment on taxing more than appreciation and such. I know there are tax benefits to primary residence already, which maybe covers their original idea, but I figured it would be even higher taxes for foreigners for non-primary residence or something was what they were suggesting.
Technically true but want to guess how many realtors buy a house , homestead the place for a couple of years then sell it?
Hint: the number is a lot higher then people might think.
There are a lot of ways to get around problems just by thinking outside of the box. Might it slow down the problem? Maybe.
So they’re buying a new house every few years and selling the old one? If they have only one house at a time, I don’t really care much. The issue is when billion dollar corporations buy up single family homes to rent out, not an individual buying a house to live in and sell it in a few years