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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)

submitted 1 year ago by CrimeDad@lemmy.crimedad.work to c/economics@lemmy.ml

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Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] lobut@lemmy.ca 1 points 1 year ago

I think Louis Rossmann has a series on corporate property (I know we're discussing housing), but in New York it's weird how some of the owners have weird deals where it was better to keep it empty than to take a lower desired price on the property. Like keeping the store empty for years.

I'm not sure what the deal was. It's probably something to do with the loan they received or with the city.