this post was submitted on 16 Oct 2024
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Generally speaking landlords charge as much in rent as the market will bear. If they could get away with charging more they would already be doing so.
Right, and when tenants aren't paying taxes?
Rents will presumably rise accordingly, and then be captured in the form of a tax that is both very difficult to evade and no longer harms economic efficiency
I think that's a rather hopeful view of the situation, but, on the other hand, I guess it would also help real estate bubbles from forming so there's that at least.