Phase in a significant increase in property taxes, with a commensurate owner-occupant credit against it for 1-4 unit homes.
You can own as many homes as you want. Occupants of your homes will have greater value to you as co-owners or buyers than as tenants. You can make money selling your homes under land contract (“rent to own”) or by private mortgage. Traditional rental agreements on single family homes will be less feasible.
You can own a duplex, triplex, or quadplex and keep the owner-occupant credit so long as you or another owner maintains at least one of the units as a residence.
Basically, I think the property tax code should be used to motivate both landlords and tenants toward ownership rather than rental.
Phase in a significant increase in property taxes, with a commensurate owner-occupant credit against it for 1-4 unit homes.
You can own as many homes as you want. Occupants of your homes will have greater value to you as co-owners or buyers than as tenants. You can make money selling your homes under land contract (“rent to own”) or by private mortgage. Traditional rental agreements on single family homes will be less feasible.
You can own a duplex, triplex, or quadplex and keep the owner-occupant credit so long as you or another owner maintains at least one of the units as a residence.
Basically, I think the property tax code should be used to motivate both landlords and tenants toward ownership rather than rental.