Comment on How would a wealth tax affect real estate rentals?
JumpyWombat@lemmy.ml 2 days agoIn 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.