Not much of an expense imo. Like giving a speeding ticket to a billionaire, it doesn’t actually mean much if you’re rich enough.
Id rather make the initial purchase cost extraordinarily expensive after buying more than two houses. Third house is 5x the cost. Fourth house is 50x the cost. Nobody needs four houses so it’s a fuck you tax.
And at scale it will eat into investor returns, making holding them empty a less profitable endeavor. They would suddenly go from having a neutral MRR asset turned into a negative MRR if they choose not to rent out. You can bet your sweet bippy that the bean counters are going to notice the difference and argue to sell or rent them to cut the expenses.
After a while, it’s just part of the cost.
Not much of an expense imo. Like giving a speeding ticket to a billionaire, it doesn’t actually mean much if you’re rich enough.
Id rather make the initial purchase cost extraordinarily expensive after buying more than two houses. Third house is 5x the cost. Fourth house is 50x the cost. Nobody needs four houses so it’s a fuck you tax.
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And at scale it will eat into investor returns, making holding them empty a less profitable endeavor. They would suddenly go from having a neutral MRR asset turned into a negative MRR if they choose not to rent out. You can bet your sweet bippy that the bean counters are going to notice the difference and argue to sell or rent them to cut the expenses.