>Yes, just like you gain the land rent from the land you own every year.
But we arent discussing a renter, right? You know that? The example was som
If your "solution" is for the land owner who cant afford his massive tax bill on his land (a tax bill that he incurred because of a subjective valuation) your solution is that he moves off his land, somehow pays to make it suitable for the rental market and then rent it out? And then what? Rents a place himself? How is this desirable?
>My broker doesn't care about my income one bit when they lend me money: they lend against my stock portfolio. Similar, here you could lend against the real estate. Why would the lender care about income?
No one lends money without an expectation of a return. Yes you can lend on collateral. That works once unless it is paid back. That "paid back" needs to be accounted for in your analysis.
>No, not at all. That's a common misconception, especially prevalent amongst fans of LVT.
So we have struck down at least one of the touted benefits of LVT. Thats something. Thats a small amount of progress.
But we arent discussing a renter, right? You know that? The example was som
If your "solution" is for the land owner who cant afford his massive tax bill on his land (a tax bill that he incurred because of a subjective valuation) your solution is that he moves off his land, somehow pays to make it suitable for the rental market and then rent it out? And then what? Rents a place himself? How is this desirable?
>My broker doesn't care about my income one bit when they lend me money: they lend against my stock portfolio. Similar, here you could lend against the real estate. Why would the lender care about income?
No one lends money without an expectation of a return. Yes you can lend on collateral. That works once unless it is paid back. That "paid back" needs to be accounted for in your analysis.
>No, not at all. That's a common misconception, especially prevalent amongst fans of LVT.
So we have struck down at least one of the touted benefits of LVT. Thats something. Thats a small amount of progress.