379
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2023
379 points (85.6% liked)
Economics
1715 readers
1 users here now
founded 5 years ago
MODERATORS
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? 🤔