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A comment on The Old Are Eating the Young. Parent comment

Re:The Old Are Eating the Young by sparkling on Wednesday June 14, 2017 @08:13AM (#14552138)
> Now, where I do see the problem is that most of the housing is owned by people renting it out (check out Germany in this list [1]). My whole building is owned by the same guy who I guess lives quite a relaxed life out of my rent, while producing nothing. If you want to fight the increase in living costs, I'd start there.

Because it's tax smart. If you own real estate, all repair, maintenance costs etc. can be deducted from your taxable rental income. On the other hand, if you live in a property you own, all maintenance costs are paid from your after-tax personal income.

[ Parent | on HN ]
Re:The Old Are Eating the Young by lentil_soup on Wednesday June 14, 2017 @09:26AM (#14552503)
Then close that tax loop. Easier, better, and more effective than blaming immigrants.
[ Parent | on HN ]
Re:The Old Are Eating the Young by sparkling on Wednesday June 14, 2017 @12:05PM (#14553677)
Its not a tax loop. And if the laws were changed, the costs would simply be passend on to the tenants, be it directly vor indirectly.

Laws do no change market realities.

[ Parent | on HN ]