If I build a 40 unit building and sell it to my wife (or my neighbor) or sell it to BlackRock, there’s no difference in how many units exist nor how many families can live there. My tax treatment should be the same as theirs.
If you restrict or punish the purchase of housing via tax policy, you simultaneously restrict the sale of it by original constructors, which serves as an impediment to that original construction.
If you restrict or punish the purchase of housing via tax policy, you simultaneously restrict the sale of it by original constructors, which serves as an impediment to that original construction.