Comment on How would a wealth tax affect real estate rentals?
Steve@communick.news 2 days agoNot necessity. Since housing will be cheaper to buy, some will do that instead of rent. so the market of renters will be smaller, keeping rental prices in check.
JumpyWombat@lemmy.ml 2 days ago
In the Netherlands they tried that gamble and it didn’t work well. The stock for rent decreased with more houses sold, the prices kept growing as usual, and effectively more people faced higher rentals.
Steve@communick.news 2 days ago
Maybe fewer people faced higher rents since more bought instead.
As I said the tax itself won’t fix everything. If rents get too high you need to adapt zoning to encourage more duplex and multifamily homes.