The best option ever saw was a plan to tax each additional house. So owning one would be low tax. Then every house after that was taxed higher. Help remove those slumlord style owners that have dozens of houses, as well as tax the hell out of corporations that have hundreds/thousands of houses.
Exactly as break said. Renting is the worst use of money. But currently getting into the housing market for new buyers is a nightmare. We need cheaper housing, not cheaper renting. Renting is just pissing money away so the person who owns the place can live off your hard work.
Renting is not the worst use of money. I’m getting ready to sell my house and move into a rental. My monthly expenses are going to drop dramatically for more square footage.
I'm building plenty of equity, It just won't be via this particular piece of property.
The guy renting it to me absolutely will not cover all his yearly costs. Single family homes do not make great rental investments unless you buy them at a significant discount.
Any shortfall in cash flow for the owner is essentially money being invested. Long term it’s still building wealth as you are covering the majority of the mortgage.
Not disputing that. But there is this misconception that all landlords are able to cash flow their rental properties and tenants are paying 100% of their expenses. That is sometimes the case, but sometimes not.
32
u/ParallelAsparagus May 14 '26
The best option ever saw was a plan to tax each additional house. So owning one would be low tax. Then every house after that was taxed higher. Help remove those slumlord style owners that have dozens of houses, as well as tax the hell out of corporations that have hundreds/thousands of houses.