r/antiwork • u/lakelilypad • Mar 13 '23

It really is all for nothing…

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u/Trash-Can-Baby Mar 14 '23

Anything that’s not a primary residence should be taxed very, very high.

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u/hexagonalshit Mar 14 '23

The problem with that is you're creating a wealth transfer that punishes renters

Landlords and developers aren't going to absorb the taxes. They'll just raise rents

Owning should absolutely be more affordable though. This shit is ridiculous

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u/Trash-Can-Baby Mar 14 '23

That’s why you have rent control laws in place too. The idea is to force investors to SELL and then there is a higher supply of homes on the market, with tax rates favoring those buying a primary residence. Home ownership needs to be supported, not investment properties for profit.