It’s true that some landlords would jack up rent rather than sell - especially as some people are stuck renting in a tighter market. Ideally you could separate corporate landlords from onesie-twosie landlords? A big issue is that landlords and banks are happy to artificially tighten the market with vacant housing. I think Vancouver Canada had a law that levied taxes on unoccupied housing - I should look into how that went
Comment on Baby boomers want to axe property taxes. Millennials and Gen Z would pay for it.
brucethemoose@lemmy.world 3 weeks agoexempting owner-occupied homes
It would still stuck for anyone stuck with renting.
Bustedknuckles@lemmy.world 3 weeks ago
CookieOfFortune@lemmy.world 3 weeks ago
But it would increase the supply of homes since it disincentivizes investment properties.