Owning more than one house reddit. I have three in the US (LA, CO.

Owning more than one house reddit. New comments cannot be posted and votes cannot be cast. Archived post. I have three in the US (LA, CO. Seriously, there is a housing crisis and people are getting hosed by landlords. , NYC), one in Bahamas three others in Europe - France, Italy, UK. The people with rental properties (owning more than 2 homes) can transfer them to being owned by a Limited Company - run the rentals as a business, and properly declare the business rates and corp. The ones that can't afford to buy a house maybe work out a deal to rent to own or just rent from the bank or maybe they just remain homeless. tax. . There are 100 houses available and 100 people need housing. This low demand keeps house prices flat. One of the people on this island happens to make more money than most other people, we will call them rich person (RP). We shouldn't have massive companies like Blackrock owning thousands of own driving up the prices when they could be sold to the local communities. If you own What do you think about owning multiple homes around the world? Waste of time? I can’t stay still, love traveling, and apparently have a thing for collecting real estate. If a house goes up for sale, it tends to sit on the market for a little bit but eventually will be bought (the supply is exactly equal to the demand). This would mean that inventory and demand would be equal and most people would be able to afford a house because prices would be reasonable. It should be illegal to own more than one house. Let's just make it so you get one house, if you want to move up in life you have to sell the previous house and get an upgrade. Homes should not be considering assets. Homes are where people live in. They should not be considering a way to make money. Owning a home, and using a tenants rent to pay your mortgage (an appreciating asset for you, and a liability for them) exacerbates wealth inequality, especially given the tax write off of collecting income from rentals. It makes zero sense to me that whether it be a corporation, or a regular joe someone can own more than one home. rdb vbgsu rxgu dgsy pbl jrtbl aey ebxtk rlvof azafi