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by dgfitz
1687 days ago
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This, this will be actual result. "Just add more taxes" === the renters pay that delta. Scale it per property === take the average of taxes / homes, pass it along to the renter. About the only way I can the cost not getting passed to the renter is for a "the government" to set the rental prices as if the home was under a rolling 30-year mortgage, taking into account PITI. Adding a property tax on top of that ONLY to the property owner, maybe exponentially per property owned, could curb companies like Blackrock. That being said, I have very faith that a "the government" could do this efficiently/correctly/at all. Trying to trace down umbrella corps and whatnot would be cat and mouse. The US government can't even figure out who is cheating on their taxes as it stands. |
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Raising property taxes on SFH rentals, but not apartments will make apartments more attractive. Sure, renting a house has advantages, but those advantages have a price, and how many renters are going to be willing to pay 40% more per square foot for a SFH over an apartment.
At some point, even an expensive mortgage is a better deal.
Apartments are great, we should incentivize apartments. They are high density and can be built in a variety of sizes.