• givesomefucks@lemmy.world
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    19 days ago

    There’s always talk about tax breaks for home owners…

    Never talks of raising taxes on landlords and empty units tho.

    That’s what would fix it. Tax them out of the housing market slowly and.prices will go down as they get out of the business.

    • henfredemars@infosec.pub
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      19 days ago

      Indeed. Nothing about this addresses rental markets and general extreme cost of living. Rather, it finds new ways to prop up severely overvalued housing markets.

      Housing costs are so high because it’s become an investment over a necessary place for a human to live. A correction is severely needed and long overdue, but the government works hard to keep values artificially high from zoning laws at the bottom to preventing corrections at the top.

      • givesomefucks@lemmy.world
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        19 days ago

        That and most people just do the standard deductions.

        So tax breaks mostly help the wealthy in mansions.

        It’s like how conservatives want to move income tax to sales tax. The wealthiest make a lot more than they spend. And when they spend it’s usually thru some shady shit where they don’t pay sales tax. Like claiming seven figure personal vehicles as a “company car” from a company they own.

        • henfredemars@infosec.pub
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          19 days ago

          It’s way of dressing up expenses to fit our criminally low corporate tax structure.

          It’s a special kind of fucked up that the government is paid for by the poor to serve the interests of the wealthy.

        • Moneo@lemmy.world
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          18 days ago

          Like claiming seven figure personal vehicles as a “company car” from a company they own.

          My parents did this kind of stuff. :/

          Gas, restaurants, cars, insurance, etc. Probably so much stuff I don’t even know about. The company pays for it and they pocket the wages they pay themselves. All this while the people that work for them work part time with no benefits, and predictably have unstable financial situations.

          But my parents view themselves as financially responsible and their workers as financially irresponsible. They worked hard to build their company but the rewards far exceed their work relative to their workers.

          idk what I’m trying to say. I’m ashamed of the way my parents became successful but at the end of the day they played the game how it was meant to be played. Our society is fucked up on every level.

    • KaiReeve@lemmy.world
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      19 days ago

      At the very least, they should raise real estate taxes on empty units. This will penalize people for owning several vacation homes, as well as incentivize landlords to lower rates in order to fill the unit.

      Difficult to enforce, but send a few people to jail for real estate tax fraud and the rest will fall in line.

      • henfredemars@infosec.pub
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        19 days ago

        Not really, because the rental market does not behave like commodities do. Generally, you have to live within a reasonable distance of employment. For this and other reasons, renters are much more vulnerable and tend to get exploited far beyond the cost of the service.

        Basically, if tenants had any more money to exploit, they would already take it. Rents are maximally high wherever possible to extract maximum money from people who need a place to live.

        Consider the common joke that I pay this much in rent every month but the bank says I can’t afford a house where the mortgage would be substantially less.