Now do a chart of the percentage of politicians who own multiple properties.
[deleted]
The framing continues…
Ask yourself who is taking out a *personal* mortgage for a second home. Not the big financiers, business elite and investors that people are now angry at.
No, this is mostly done by the self employed people who use it to increase their meagre retirement income. By the people who have just a bit more money than average and believe real estate is the only safe investment.
Because the investors, financiers, business elite… the rich… don’t use this system. They buy real estate with their company. And this whole debate is not about corporate taxes but about personal taxes.
That is the reason why income from a house you rent out as a private person goes (mostly) untaxed. Because this is the retirement savings and income of the small business owners. The bakers, the butchers, the hairdressers…
The debate is clearly meant to cause massive protest agains this perceived injustice. So that the government will be forced to act.
Now, will this really bring in 100 million a year? No, of course not. We are at peak taxation, especially for this particular demographic of small business owners. They will change their behavior.
So small business owners will be less likely to use mortgages to pay for second homes. That is the only impact this will have. As long as rental income goes untaxed, they will still keep their second home. And when it is taxed… they will shift it into a company.
Will small business owners buy fewer houses and apartments as an investment? Maybe, but the big investors won’t. They are not affected, they have always used companies for this. And rental income paid out to companies is taxed. Nothing will change there. And no, the housing market and prices won’t see a significant impact.
This is just meant to get your attention and to have people angrily demand change. Change that will do nothing but that allows political parties to win a few votes.
All I know is that when I was apartment hunting, 80% of the other interested parties were wealthy older couples that were planning to rent out the place.
Separate from the absurdity of the situation, what doesn’t make the prices go up?
Neither the introduction nor the abolishment of the ‘housing bonus’ made the prices drop. 2008 prices stabilized and maybe increased a bit. give tax benefits to energy-efficient construction? Prices go up, etc.
> Dat krijg je niet uitgelegd.
Klopt volledig. Maar blijkbaar maakt dat niets uit. Want het blijft gewoon bestaan…
Volgende maand weer een artikel dat mensen massaal afhaken van de politiek en dat dat toch onbegrijpbaar is?
I get angry how far away from reality it is to state ‘You’re not rich if you can afford a second residence’ . By people that make up our laws.
7 comments
Now do a chart of the percentage of politicians who own multiple properties.
[deleted]
The framing continues…
Ask yourself who is taking out a *personal* mortgage for a second home. Not the big financiers, business elite and investors that people are now angry at.
No, this is mostly done by the self employed people who use it to increase their meagre retirement income. By the people who have just a bit more money than average and believe real estate is the only safe investment.
Because the investors, financiers, business elite… the rich… don’t use this system. They buy real estate with their company. And this whole debate is not about corporate taxes but about personal taxes.
That is the reason why income from a house you rent out as a private person goes (mostly) untaxed. Because this is the retirement savings and income of the small business owners. The bakers, the butchers, the hairdressers…
The debate is clearly meant to cause massive protest agains this perceived injustice. So that the government will be forced to act.
Now, will this really bring in 100 million a year? No, of course not. We are at peak taxation, especially for this particular demographic of small business owners. They will change their behavior.
So small business owners will be less likely to use mortgages to pay for second homes. That is the only impact this will have. As long as rental income goes untaxed, they will still keep their second home. And when it is taxed… they will shift it into a company.
Will small business owners buy fewer houses and apartments as an investment? Maybe, but the big investors won’t. They are not affected, they have always used companies for this. And rental income paid out to companies is taxed. Nothing will change there. And no, the housing market and prices won’t see a significant impact.
This is just meant to get your attention and to have people angrily demand change. Change that will do nothing but that allows political parties to win a few votes.
All I know is that when I was apartment hunting, 80% of the other interested parties were wealthy older couples that were planning to rent out the place.
Separate from the absurdity of the situation, what doesn’t make the prices go up?
Neither the introduction nor the abolishment of the ‘housing bonus’ made the prices drop. 2008 prices stabilized and maybe increased a bit. give tax benefits to energy-efficient construction? Prices go up, etc.
> Dat krijg je niet uitgelegd.
Klopt volledig. Maar blijkbaar maakt dat niets uit. Want het blijft gewoon bestaan…
Volgende maand weer een artikel dat mensen massaal afhaken van de politiek en dat dat toch onbegrijpbaar is?
I get angry how far away from reality it is to state ‘You’re not rich if you can afford a second residence’ . By people that make up our laws.