3 ms·

The price of the land is set by the rental profit. If you tax land to increase the cost of carry you will see prices fall. Taxes work.

• snowwindwaves 7y ago
  Increasing taxes on all landlords would cause upwards pressure on rents as lanlords would need to collect more money to cover their costs and hopefully save enough to be able to retire one day. Disclaimer: I am a landlord
  • amiga_500 7y ago
    Totally wrong, this is not how prices are set.
    • snowwindwaves 7y ago
      when my margins go down I will raise the rents. I currently could charge more but I believe charging slightly less than market gets me a better tenant and some goodwill since I am not a full time landlord.
      • amiga_500 7y ago
        Anecdotal. Not the rule