• charles@lemmy.world
    link
    fedilink
    English
    arrow-up
    21
    ·
    1 year ago

    Tax the shit out of residential real estate investments for corporations and anything beyond the first 3 dwellings owned by individuals. Carve out exceptions for apartment complexes.

    • Croquette@sh.itjust.works
      link
      fedilink
      arrow-up
      10
      ·
      1 year ago

      Stop corporations from owning anything other than appartments buildings full stop.

      Tax the shit out of anything other than the primary residence.

    • The_v@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      I wouldn’t carve out an exception for apartment complexes.

      Transition apartment complexes to a condo model with HOA fees to cover all the shared upkeep and expenses. Limit HOA fees to real upkeep costs and expenses (no massive profits for a HOA management company).

      My sister-in-laws first place was an apartment complex converted to condos. Her mortgage plus HOA fees where the same as the rent on a comparable apartment in he area.

      When she got married, had kid, and purchased a larger place 5 years later, she got her down payment plus all of her mortgage payments back (sold it for 10% more than she bought it for).