Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
I agree in principle but I think we should clarify whether that additional house is intended for short term rental, lomg term rental, or an additional “vacation” house. I think all 3 should have different taxation schemes.