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surewhynotlem@lemmy.world 11 months agoHow does that prevent landlording for profit? It seems like it would just prevent holding property without using it?
But yes, we pay land tax on all land in the US, based on property value and structures. Regardless if it’s rented.
Aggravationstation@lemmy.world 11 months ago
€1000 per year is practically nothing. You’d need 25 properties to make a modest living from being a landlord.
But it would mean that you could sit on the property and re-sell it later if you were just buying it as an investment so renting it out wouldn’t be your living, it would probably be something like a retirement plan.
So if renting isn’t your living, hopefully you’d be less likely to be a dick.