this post was submitted on 31 Jul 2024
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[–] princessnorah@lemmy.blahaj.zone 1 points 3 months ago

I mean yes, I'm pretty sure the OP isn't saying that it being a UBI was the original intent. And yes, that is literally the players job. But I'd like to hear about this magic wage private property investors get paid to buy, sell and rent real estate? Ya know, outside of the rent you collect.

Oh wait, we have that in Australia, sort of. It's called negative gearing, and it allows you to claim all losses on rental investment properties against your tax.