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re: Should corporations and foreigners be able to buy houses?
Posted on 9/14/22 at 10:30 am to HempHead
Posted on 9/14/22 at 10:30 am to HempHead
quote:
As far as corporations, and I do mean ALL corporations (including the family investing LLC or S), I would impose an exponentially increasing property tax for multiple homes, and something similar but less severe for land.
They kind of already do. Homestead exemptions. Problem is the increased cost is just passed on the the customer (renter)
1
Posted on 9/14/22 at 11:03 am to Mingo Was His NameO
quote:
They kind of already do. Homestead exemptions. Problem is the increased cost is just passed on the the customer (renter)
Then increase that tax so much that nobody can afford to own it.
If corporations want to buy residential homes to use as rental properties, tax the sale at 100% of the sell price, then tax them every year quadruple the property tax rate.
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