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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

440 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] nomadjoanne@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (17 children)

I think it should just be illegal to not rent out real estate. People shouldn't be allowed to just park money in housing.

[–] Torvum@lemmy.world 10 points 1 year ago (9 children)

"You shouldn't be allowed to own something and use it for any purpose that you want, just because you bought and own it"

The fuck.

[–] Pyr_Pressure@lemmy.ca 2 points 1 year ago (2 children)

Should someone be allowed to buy all the freshwater lakes around a major city and then not sell the water for people to drink?

[–] Ew0@lemmy.sdf.org 8 points 1 year ago

Nestle vibes

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