cross-posted from: https://lemmy.crimedad.work/post/12162
Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there’s still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.
And who pays for it and owns it?
People, collectively.
Ideally all the shitheads obsessed with “owning” get removed from the equation
Heres one of the largest housing developments in new york: https://en.m.wikipedia.org/wiki/Co-op_City,_Bronx