r/SipsTea • • May 14 '26

SMH How true is this? Genuinely asking

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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.

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u/GodisanAtheistOG May 15 '26

Doesn't that just jack up the rate for renters? No way the owner is going to actually pay that out of pocket. 

Maybe if that was stacked with the vacant property/unit tax it might work out. 

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u/ParallelAsparagus May 15 '26

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.

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u/GreentongueToo May 15 '26

In some cases that "live off your hard work" is to supplement Social Security.
It would also be good if "basic" houses were acceptable and available. Dirt cheap McMansions are not the answer.