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It's time for a 3% Federal Tax on Single family home portfolios
2022 Jul 9, 7:58am 1,387 views 39 comments
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33
porkchopXpress
2022 Jul 10, 9:02am
porkchopXpress
2022 Jul 10, 9:02am
B.A.C.A.H. says
Also, the HOA of my new house disallows renting for the first two years after purchase.
This. Just stop mortgage tax deductions for second homes. Start with that.
One way to do this without imposing new taxes would be to give homeowner-in-residence exemptions.
Also, the HOA of my new house disallows renting for the first two years after purchase.
34
Tenpoundbass
2022 Jul 10, 10:01am
Tenpoundbass
2022 Jul 10, 10:01am
porkchopexpress says
So does the stipulations in an FHA loan. But I knew several people who purchased a second home, using an FHA loan, for the sole purpose to rent it out. (at the end of the housing crash, the FHA was allowing second home purchases after two years)
Also, the HOA of my new house disallows renting for the first two years after purchase.
So does the stipulations in an FHA loan. But I knew several people who purchased a second home, using an FHA loan, for the sole purpose to rent it out. (at the end of the housing crash, the FHA was allowing second home purchases after two years)
35
Bd6r
2022 Jul 10, 10:05am
Bd6r
2022 Jul 10, 10:05am
Tenpoundbass says
Great State of Texas, supposedly run by vile right-wing hillbilly racists, already has higher tax on second, third, and so on homes. We get 1/3 tax discount on firdt residence aka homestead exemption.
you own more than two homes, or don't live in your second home, they should have a Homeowner tax on it.
Great State of Texas, supposedly run by vile right-wing hillbilly racists, already has higher tax on second, third, and so on homes. We get 1/3 tax discount on firdt residence aka homestead exemption.
36
mell
2022 Jul 10, 11:17am
GreaterNYCDude says
This is a result of unfettered illegal immigration and open borders policies. Americans hardly reproduce around the replacement level. If we secured our borders, net new developments wouldn't be necessary
I don't want more housing... we have enough people already thank you very much... from traffic to sewage treatment to schools, my area can't support much more population than what we have currently. Almost every parcle that can reasonably been built on has been developed already.
I have no good awnsers. Wages need to go up, but I'm not holding my breath on that one.
This is a result of unfettered illegal immigration and open borders policies. Americans hardly reproduce around the replacement level. If we secured our borders, net new developments wouldn't be necessary
37
Tenpoundbass
2022 Jul 10, 11:26am
Tenpoundbass
2022 Jul 10, 11:26am
Bd6r says
The reality is, the investors looking to get in the rent seeking business. Will just chalk a fed tax as the cost of doing business. They certainly don't let runaway housing bubble inflation get the way of their purchasing decisions .
We get 1/3 tax discount on firdt residence aka homestead exemption.
The reality is, the investors looking to get in the rent seeking business. Will just chalk a fed tax as the cost of doing business. They certainly don't let runaway housing bubble inflation get the way of their purchasing decisions .
38
Bd6r
2022 Jul 10, 11:52am
Bd6r
2022 Jul 10, 11:52am
Tenpoundbass says
I suppose buying houses by investors is, in part, due to Bidenflation and cratering stock market. Money has to be parked somewhere where value of purchase cant go to 0.
The reality is, the investors looking to get in the rent seeking business. Will just chalk a fed tax as the cost of doing business. They certainly don't let runaway housing bubble inflation get the way of their purchasing decisions .
I suppose buying houses by investors is, in part, due to Bidenflation and cratering stock market. Money has to be parked somewhere where value of purchase cant go to 0.
39
zzyzzx
2022 Jul 12, 9:29am
zzyzzx
2022 Jul 12, 9:29am
https://newssudden.com/at-invitation-houses-unpermitted-work-leaves-tenants-with-leaky-plumbing-defective-repairs/
At Invitation Houses, unpermitted work leaves tenants with leaky plumbing, defective repairs
At Invitation Houses, unpermitted work leaves tenants with leaky plumbing, defective repairs
https://americafirstreport.com/wall-street-is-buying-everyones-homes-and-driving-up-prices/