02-09-2018, 02:36 AM
Real estate people buy cheap houses for rentals. Nice houses cost a lot you would lose money on a monthly rental. anyone that could afford a high rent could buy there own house.
A higher tax rate for vacation rentals would be reasonable to pay for infrastructure.
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Correct. For the most part, houses that are rented long term aren't the ones in the vacation rental pool.
As to higher taxes, those vacation rentals already pay vastly higher amounts in taxes, from property tax to GET and TAT as well as in many cases, paying commissions to a local property manager, paying for maintenance and cleaning folks, etc.
A higher tax rate for vacation rentals would be reasonable to pay for infrastructure.
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Correct. For the most part, houses that are rented long term aren't the ones in the vacation rental pool.
As to higher taxes, those vacation rentals already pay vastly higher amounts in taxes, from property tax to GET and TAT as well as in many cases, paying commissions to a local property manager, paying for maintenance and cleaning folks, etc.