Individual homeownership still carries a bunch of tax incentives in most places; I'm not aware of anywhere mega-landlord companies have popped up (although there are a few mega-landlord individuals, usually heavily leveraged).
Does it? The major tax overhaul a couple years ago capped the property tax deduction at a low enough level (while increasing the standard exemption) that, at least in high-property tax jurisdictions, there is no benefit to being a homeowner.
I pay something in the range of $15k-$20k in property taxes and mortgage interest, but receive zero deduction/exemption on my federal taxes for it.
If in the US, property tax got lumped in with state income tax to create a cap where property tax benefit went away for a lot of people, but the mortgage interest deduction is still there, no (on the first $750,000)?
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Individual homeownership still carries a bunch of tax incentives in most places; I'm not aware of anywhere mega-landlord companies have popped up (although there are a few mega-landlord individuals, usually heavily leveraged).
Does it? The major tax overhaul a couple years ago capped the property tax deduction at a low enough level (while increasing the standard exemption) that, at least in high-property tax jurisdictions, there is no benefit to being a homeowner.
I pay something in the range of $15k-$20k in property taxes and mortgage interest, but receive zero deduction/exemption on my federal taxes for it.
If in the US, property tax got lumped in with state income tax to create a cap where property tax benefit went away for a lot of people, but the mortgage interest deduction is still there, no (on the first $750,000)?