No my buddy isn’t blaming wealthy people or others was my point. If he was, I probably would tell him that with less keyboard warrior harshness.
That said, someone suggested taxing air bnb owners to oblivion- which I would say is heavy handed government intervention.
And I fundamentally...
I believe they pay taxes on all profits and eventually capital gains whether it’s under a sole proprietorship, partnership or any form of LLC. Additionally, they assume quite a bit of risk with tenant issues, home problems and market conditions. It does inflate prices in some areas and I am sure...
My comment was towards a post stating they would support “taxing short term rentals into oblivion”. I understand 1031 exchange. I understand how some of these folks build wealth and I fail to see the problem. Court d Alene is nice and it’s no surprise it’s in high demand. A good friend of mine...
Maybe I am in the minority but I own zero rental properties and comments like this drive me nuts. Is it really bad or is it just jealousy? If they can make money doing it good for them and keep the government’s grubby greedy hands out of it.