Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

395
Posts
191
Votes
Ihe O.
  • Investor
  • Laurel, MD
191
Votes |
395
Posts

Would you pay more tax to help house the homeless?

Ihe O.
  • Investor
  • Laurel, MD
Posted

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.

Most Popular Reply

User Stats

226
Posts
159
Votes
Shaun R.
  • Real Estate Agent
  • Denham Springs, LA
159
Votes |
226
Posts
Shaun R.
  • Real Estate Agent
  • Denham Springs, LA
Replied

I wouldn’t choose to pay higher taxes for any purpose, because the government is the absolute last place that I trust to handle money. They do a terrible job with the money they already have.

Loading replies...