Comment on How would a wealth tax affect real estate rentals?

• Steve@communick.news ⁨1⁩ ⁨month⁩ ago

  Not 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.

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  • JumpyWombat@lemmy.ml ⁨1⁩ ⁨month⁩ ago

    [deleted]

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    • Steve@communick.news ⁨1⁩ ⁨month⁩ 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.

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• bitcrafter@programming.dev ⁨1⁩ ⁨month⁩ ago

  I think that the implication was that they would have to sell in order to come up with the cash to pay the tax?

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