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by lurgburg
1590 days ago
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Writing in the context of preceding comment. Landlords increase prices as much as they're able, they don't decline to increase when they could to maintain some fixed margin. I'm not saying they're generally unable to rise prices in general, but that they have no special additional capacity to raise prices in response to land taxes. |
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How so? If all landlords now have a significant new cost, why would they not raise rent to cover it?
This seems to say they cover 80-90% of tax increases through rent increases. And commercial properties should be more competitive.
https://mitcre.mit.edu/news/blog/can-landlords-really-pass-h...