They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
Most real estate is owned by “123 street LLC”, meaning each LLC owns a single house/building. I’m not even sure how you would get around that realistically, and it’s not just companies that do that. If I ever get to the position of buying a house (…yeah right lol), I intend to do the same thing.
On top of that it gets weird with multiple houses because they’re in different locations with different tax rates and AHJs. Even within the same city you can be paying taxes to different counties. I’d like to see something like owning 2 houses = 2x taxes, 3 = 3x, etc. But then people could game it based on different tax rates, so you’d have to have a system to apply it to each AHJ equally.