this post was submitted on 05 Apr 2025
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I think that’s what s/he was trying to resolve with the doubling of tax on each additional property. It would become cost prohibitive very quickly to have multiple properties.
You would have to close the endless amounts of tax deductions on real estate to make it matter. If they can write off the loss as a business cost than the portfolio will just eat the tax and pass it on to the renters.
Yes. No single change will solve the problem. It would have to be comprehensive.