leilanidude - Bill 46 ends up penalizing owners whose house sits empty simply because no one rented it for a number of months.
Correct - best for the Puna community that housing is actually being used as housing, not as a tax write off, investment vehicle, or poorly run rental.
Reducing property taxes for homes that are rented out for long-term (6+ months) ends up also reducing rents
Or just provides greater profits to the landlord. Maybe securing their profits shouldn't be a goal for the community that actually lives and works here. Could also just go all Bill 9 on the issue as needed.
Hawai'i County Council is also currently considering Bill 128 (on tomorrow's agenda) that would create a new tax tier for "ultra luxury", above $4 Million dollar, homes on Hawaiʻi Island.
The profits can't always keep flowing up to the top - at some point, someone needs to appropriate and redistribute that wealth if everyone wants a semi-functioning and somewhat affordable society.
Correct - best for the Puna community that housing is actually being used as housing, not as a tax write off, investment vehicle, or poorly run rental.
Reducing property taxes for homes that are rented out for long-term (6+ months) ends up also reducing rents
Or just provides greater profits to the landlord. Maybe securing their profits shouldn't be a goal for the community that actually lives and works here. Could also just go all Bill 9 on the issue as needed.
Hawai'i County Council is also currently considering Bill 128 (on tomorrow's agenda) that would create a new tax tier for "ultra luxury", above $4 Million dollar, homes on Hawaiʻi Island.
The profits can't always keep flowing up to the top - at some point, someone needs to appropriate and redistribute that wealth if everyone wants a semi-functioning and somewhat affordable society.