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We prefer to call them investment properties.
And if you let people live in them they might depreciate in value. So...
I'd love to ensure everyone has an acceptable home and access to clean water and food. It seems like we could do that.
Conversely, I've seen people's living situations and people are fucking gross. This includes home owners and non homeowners.
People get shit on and then just repeatedly shit on. I'm not sure what I would do, had I held the power. Probably let people have smaller homes and start there. Like those little mini homes? Still homes, still have housing, but limited. Earn more?
Idk. I'm not a politician.
That’s true, but also inversely generally being gross on a property does not outweigh the value of the property over time in most cases. Even having gross tenants over time at market rent generally results in net profit after they leave and any additional cleanup costs incurred, plus you still own the property at the end of the day, and if we’re talking about houses, you probably own the land too.
I’ve seen what you’re describing and I think what you’re getting at is more of a societal systemic issue related to mental health and income. Most people I think would like to live clean and healthy lives, but they either need mental health support they aren’t getting/can’t afford, etc, and/or are spending more time working/taking care of family/battling addiction or whatever and end up not taking care of themselves or where they live
But at the end of the day this is all anecdotal and the whole thing should be addressed by a governing body made up of compassionate voted-in representatives using available resources and a scientific approach that want to fix the problem rather than arbitrary individuals chatting about it
Yeah that makes sense. I do wish the humans were more caring of each other. We're all here together to live. Why not help each other?
Are you trying to make a case that a gross tenant who doesn't pay rent is the same as a nice tenant who does pay?
They specifically said that a gross tenant paying market rate is better than no tenant.
or you cant rent them out in perputuity.
Thats not what depreciation means.
If youre trying to say the wear and tear decreases the property's value, it wouldn't decrease much more than a rented property, and the investor would have all that rent income.
Also they already get a tax break for depreciation...
In most jurisdictions you cant claim depreciation if the property is not available to rent.
We need a land value tax to stop real estate speculation.
Also we have more churches than homeless people. If churches aren't even helping one of the most disadvantages and the individuals damn near every holy book says to help. What are they doing? They don't even help the homeless children.
Yes, these are built for investors only.