This is actually a real issue and gets at the inadequacy of the "SFH" language. We need a way to distinguish clearly between investment property and homes.
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Replying to @coolgrey @johnleemk and
Primary and secondary residence. Shouldn’t get tax benefits if it’s not a primary residence.
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Replying to @kimmaicutler @johnleemk and
The whole model of housing is just f--ked. I can't seen any realistic way of reconciling "housing is a right" with housing as an investment opportunity.
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Replying to @coolgrey @johnleemk and
No and sorry, America is literally built on this principle of the sanctity of property rights and property rights being a core part of its version of democracy. That’s not changing anytime soon. So you have to work around it or at least mitigate it.
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Replying to @kimmaicutler @coolgrey and
yet again, hearing convenient apologies for the real estate industry.
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Replying to @chrsdcook @kimmaicutler and
Given we live in America, the real estate industry will almost always benefit from building housing. Building housing is still the right thing to do. I'm happy to support a bill to appropriate more public funds for building public housing or to raise property taxes too.
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Replying to @johnleemk @chrsdcook and
How about a minimum tax rate of, I don't know, 70% on all investment properties? Would you support something like that?
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Replying to @coolgrey @chrsdcook and
As long as we legalise more housing construction that sounds better than the status quo.
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Replying to @johnleemk @coolgrey and
Let me know when this bill to raise property taxes, legalise housing construction, and appropriate more funds for public housing is before the legislature. Very happy to call in to support such a law.
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Replying to @johnleemk @chrsdcook and
And in the absence of better policy your choice is to support new, worse policy?
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Why is this worse policy? Parcels with rent or price controlled housing do not qualify for it.
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