(12-28-2024, 10:08 PM)mikesez Wrote:

(12-28-2024, 02:31 PM)copycat Wrote: Yeah I agree.  There is no way you actually believe this Mike.

I’d think the way to achieve the desired outcome is via the tax code.  Your first house you get a homestead exemption.  A second is taxed at X%, a third property a higher tax rate ect.  The goal is to get Blackrock out of the home rental business and get those rental homes on the market for home ownership.

We already do things like this.
Florida has a homestead exemption.  You pay less property taxes on your first home, and less over time.
The Feds don't consider sales of first or second homes to be capital gains.  Third and fourth, the income from sales is taxable.  The income from rent is taxable regardless.  
Our tax codes are clearly doing thing that point in this direction already.  Maybe we just need to be a bit more aggressive with it.  But my instinct is we need to think outside the box.