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It's time for a 3% Federal Tax on Single family home portfolios


               
2022 Jul 9, 7:58am   1,402 views  39 comments

by Tenpoundbass   follow (10)  

If you own more than two homes, or don't live in your second home, they should have a Homeowner tax on it. I'll go for Condos and other housing arrangements that wasn't built to be a rental complex.

https://americafirstreport.com/wall-street-is-buying-everyones-homes-and-driving-up-prices/

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37   Tenpoundbass   2022 Jul 10, 11:26am  

Bd6r says

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  

Tenpoundbass 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 .

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  

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

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