Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Before Shouting Tax the Rich, Check This Out!

26 Mar 2026 · 1 min

Watch on YouTube

0:34

In this persuasive monologue, the speaker challenges the popular call to "tax the rich" by highlighting how wealthy property owners can positively impact local communities. He recounts acquiring two large apartment complexes—one with 80 units and another with 81 units—through seller financing and virtually no out‑of‑pocket cash. Both properties are operated under the Low‑Income Housing Tax Credit (LIHTC) program, providing affordable housing, well‑maintained landscaping, happy tenants, and desirable locations. By showcasing these examples, he urges listeners to consider the tangible community benefits that affluent investors can deliver before advocating blanket taxation of the rich.

Chapters

Tax the rich. I'm seeing this all over the country. I started with nothing. We're at an 80-unit apartment complex that I bought seller-financed, a little money out of pocket, but today I make millions. And how do I spend it? I offer affordable housing. We are at an 81-unit that again I purchased $0 out of pocket, and this property is called LIHTC. It's Low Income Housing Tax Credit. And what does it look like to have low-income housing, you might ask? Look at these apartments all the way down the row, 81 units. Beautifully landscaped, happy tenants, awesome locations. So before you shout "tax the rich," remember what the rich actually do for your local community.