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Reading is your friend. 56% of the income generated from renting in an old building goes to taxes. That's scary high.
by thegayngler 10y ago
Reading is your friend. 56% of the income generated from renting in an old building goes to taxes. That's scary high.
- toomuchtodo 10y agoOr, conversely, its better that the city is extracting those taxes for services instead of it being straight profit for landlords. Lowering taxes would not lower rent charged, it'd just be more money in the pocket of landlords.
- deleted 10y ago[deleted]
- lintiness 10y agoif taxes were lower, it's possible landlords would rent for less to make the same marginal dollar.
- deleted 10y ago[deleted]
- krschultz 10y agoIn this case not reading was the correct call, since this article just made a bunch of people on HN less informed. I look forward to the echoes of this showing up in every future HN thread on housing prices. I should save the debunkers for future reference.
- pg_is_a_butt 10y agoLogic is your friend. supply and demand regulate taxes the same way they regulate price. that's scary obvious.