"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."
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
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.
I mean, if they lie about their primary residency, that’s a whole set of legal problems they’ve got themselves in
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
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.