this post was submitted on 09 Jul 2023
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Canada
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well not across the board, we want to discourage investment purchasing, not owning a family home. Multiple dwellings should be taxed extremely high, and shell corporations who buy and rent homes need to somehow be cracked down on.
Or why not tax income made from rental homes to an insane degree - need to make renting out homes not attractive to investors. If there is little benefit to renting out dwellings, it might encourage investors to sell off homes. Further encourage selling to non-wealthy people through more tax incentives or something.
Stepped tax rates for each property you own.
1st property normal rates.
2nd property 2x normal rate
3rd property 3x normal rate etc.
Need to figure out how to ban shell corporation ownership of property though.