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General Landlording & Rental Properties

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Ihe O.
  • Investor
  • Laurel, MD
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Would you pay more tax to help house the homeless?

Ihe O.
  • Investor
  • Laurel, MD
Posted Oct 26 2017, 03:51

Do you believe that we should be willing to  pay more tax to help house the homeless?

I'm going to ask again in a minute, but first am going to tell you about 2 of my properties.

Rental 1.

I've owned it for  4 years  without ever having an insurance claim. Situated next to a boarded up property.

Rental 2.

Owned for 3 years. Had a $10k insurance claim  2 weeks after taking out the policy which the insurer paid.

Up until this month premiums on both were the same about $600pa. Guess which premium just doubled. 

That's right Rental 1. 

The reasoning as explained by my broker is that homeless people break into vacant properties for shelter and end up starting fires whilst trying to keep warm. If next door burns, good chance you burn too.

So do you believe that we should be willing to pay more tax to help house the homeless. No point saying it's not the role of government because there isn't anybody else who is going to solve that problem.

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