You don’t have to give it away. Just rent it out or sell it. If you have no need for a property, put it on the market so that someone else can use it.
It’s a massive mistake that the system is setup so that you can profit from owning but not using a property, and this needs to be fixed systematically (specifically, via a heavy vacancy tax).
If you want to park your money somewhere and want some ROI we already have stuff for that (e.g. stocks). We don’t need to abuse a limited and vital resource for that.
It’s a common misconception in this type of discussion. You also get a lot of people who are like “but that would harm the people who own an empty property and can’t find a renter”. Well, nobody needs to own property they don’t use, even if it’s only because they can’t use it, and not because they don’t want to.
You can always sell property. Nobody is required to own anything.
I don’t disagree. There’s definitely a problem with how it’s handled. It’s the people that are telling others to give it away that I’m on about.
You don’t have to give it away. Just rent it out or sell it. If you have no need for a property, put it on the market so that someone else can use it.
It’s a massive mistake that the system is setup so that you can profit from owning but not using a property, and this needs to be fixed systematically (specifically, via a heavy vacancy tax).
If you want to park your money somewhere and want some ROI we already have stuff for that (e.g. stocks). We don’t need to abuse a limited and vital resource for that.
Good point and agreed. I misunderstood.
It’s a common misconception in this type of discussion. You also get a lot of people who are like “but that would harm the people who own an empty property and can’t find a renter”. Well, nobody needs to own property they don’t use, even if it’s only because they can’t use it, and not because they don’t want to.
You can always sell property. Nobody is required to own anything.