> Another way to make rent more affordable is to raise the tax rate on income generated from residential rentals to the point that people are not buying up all of the housing stock for the sake of investment alone.
Wouldn’t that just mean there would less rental opportunities because people wouldn’t rent out properties due to the increased tax burden?
Not really seeing how such a plan would work out since it would increase rents across the board from lack of supply and the higher taxes being passed along to renters.
sure, jack up property taxes instead of rental income taxes. The point is not the specific mechanic, the point is the desired outcome should be to reduce the number of residential properties purchased for investment and speculation. Zillow owning 7k houses doesn't actually do anything good for society; that's 7k houses that people aren't living in. People buying houses shouldn't be forced to compete with the search engine that they're using to buy houses.
Wouldn’t that just mean there would less rental opportunities because people wouldn’t rent out properties due to the increased tax burden?
Not really seeing how such a plan would work out since it would increase rents across the board from lack of supply and the higher taxes being passed along to renters.