You make it sound like it’s either or. The resonable thing to do would be to reduce property taxes for the property the owner lives in and tax even more the additional properties. The goal is for people to be able to afford their homes and at the same time making properties not so attractive as an investment.
There’s potential for mitigating some of the negative impacts using a mixed approach, although I’m not convinced it’s going to be straightforward or even worthwhile.
You make it sound like it’s either or. The resonable thing to do would be to reduce property taxes for the property the owner lives in and tax even more the additional properties. The goal is for people to be able to afford their homes and at the same time making properties not so attractive as an investment.
Please refer to the section about the negative effects of reducing property taxes.
Correct me if I’m wrong, but that applies to reducing property taxes as a whole. I’m talking about a mixed approach.
There’s potential for mitigating some of the negative impacts using a mixed approach, although I’m not convinced it’s going to be straightforward or even worthwhile.