If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
That’s a big thing at least in the US when people talk about occupancy rates for homes, they often are talking about vacation homes, which are seasonal in nature and in general wouldn’t be able to be lived in year round to begin with. I like the idea of simple higher taxes on assessed value for each additional home you own, with the highest assessed value home having the highest tax rates.