Comment on How would a wealth tax affect real estate rentals?
Steve@communick.news 3 weeks 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 3 weeks ago
Steve@communick.news 3 weeks 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.