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this post was submitted on 24 Aug 2023
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Economics
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So, if I own a condo in a high rise building, how does this work? Does the building get the tax, and that gets divided up among all the condos? Or does each living space get it's own tax?
Would get divided based on your share.
Except in cuckoo-land (UK) where most apartment owners don’t own any part of the land where their property is built. It’s called a leasehold and is batshit insane.
So rental that gives the same development right as owning the place but without it being for an indefinite length of time? So you need to have a return on investment before the lease expires otherwise why not just go for a normal rent? 🤔