Quote Originally Posted by Tinman View Post
When I first read about this I freaked out. But I'm starting to think it kind of makes sense.



That seems kind of fair. People who rent out property are generating income from it, and in that sense their additional property opperates as a kind of business. Zoning it as such seems reasonable.

The obvious concern is that it will drive up the cost of renting. However, won't it deflate the property ownership market?

The bill makes renting out property more difficult, and probably less appealing. Won't people be less inclined to purchase multiple properties? And if so, won't property values decline with lower demand, making it possible for more ordinary people to become owners?
Interesting point you make, but what about folks who rent out properties and don't actually make a profit? Who still have to pay in on the bonds or the lucky ones who break even? Or what about someone who has a beach house and doesn't rent it out?

I hear your argument and agree to a degree, but can't help but feel that this is simply a cheap way by government to make more money off hard working citizens. But as with all things that get moaned about by everyone, but nothing gets done, people will simply fork out the extra cash and increase their rental prices. In the long run, I don't think this will have as big an impact on the selling market as they predict. Property will always be the best way to invest and thus people will suck it up and fork out the cash.