Quote:
Originally Posted by Clean39T
Until 2nd (or more) homes, rentals, AirBnBs, and investment properties are heavily taxed and restricted by local ordinances, the “housing crisis” will continue. There is too much generational wealth inequality to build our way out of this problem.
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You are beginning to see some of that here in the UK. Buy-to-Let is seeing various tax changes (higher capital gains, no mortgage interest offset versus income, etc)
A lot of what you see in the US is because of the massive shift in taxes in the past 30 years to favor capital over income.