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Landlords in California might benefit from Prop 13, in which case their property taxes might be 10% of the landlord across the street. Yet all things equal, the
by hahaxdxd123 5y ago
Landlords in California might benefit from Prop 13, in which case their property taxes might be 10% of the landlord across the street. Yet all things equal, they charge the same. Landlords already charge what the market will bear. Taxing them more or less does not change that or else there would be $600/mo 4BRs in SF for rent.
Since your comment is deliberately inflammatory, I will do the same - do you have any basic economic training?
- dredmorbius 5y agoYour comment is excellent when limited to the first paragraph alone.
- MisterMower 5y agoAnd if you raise property taxes on those landlords, you think they’re not going to try and recover those costs from their tenants? They’ll just sit back and absorb those costs? Do you have any basic economic training? What is HN but a bunch of software devs and IT professionals pontificating about topics in which they no experience or training? I mean, the guy who wrote the article is a game developer, not an economist. Seems like I’m just as qualified as anybody else in this thread.