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by nickthemagicman 2351 days ago
Just jack up property tax for every home beyond the first one owns. That includes corporations.
3 comments

That would have a very regressive effect on those who don't have the capital or credit to outright own their home barring largly outmoded boarding house style rentals. That property tax would be passed on to the renters.
More likely housing prices would drop as supply increased from landlords dumping houses that were no longer tenable to rent out.

Especially if that very same tax were used to fund first time homebuyer resources.

Most landlords already setup a corporation per building for asset protection reasons.
Charging corporations a significantly increased rate on single family homes is equally effective.
I agree, and for out of town landlords as well