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Smooth_Imagination t1_it8sba8 wrote

Reply to comment by pmmbok in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

Do you mean that the renters should get the interest component of their rent, assuming the landlord is mortgaged on that property, deducted from their tax?

I kind of think landlords should not be able to borrow just for buy to let and maybe their should be rent controls. I could be confused about what they mean here, especially with imputed rent.

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pmmbok t1_it9pm3w wrote

I don't have a plan as to what the renters subsidy be. It would be tricky.

As far as imputed rent goes, it's hard for me to imagine.

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Massey89 t1_itc9zt4 wrote

who lets them borrow and how?

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if it's that easy you go do it

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Smooth_Imagination t1_itjdt2n wrote

I think they borrow to buy other properties using other ones as collateral.

But there are individual home owners who have bought a second home to rent out so that the renter essentially is paying off the mortgage.

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Massey89 t1_itll6vb wrote

i was under the impression you get smashed with taxes though on anything after your first home

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