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The last few cities I've lived in have seen 10+ straight years of rent increases (with a brief drop then rapid spike again from COVID) so... they do already do
by majormajor 5y ago
The last few cities I've lived in have seen 10+ straight years of rent increases (with a brief drop then rapid spike again from COVID) so... they do already do this?
- lurgburg 5y agoWriting in the context of preceding comment. Landlords increase prices as much as they're able, they don't decline to increase when they could to maintain some fixed margin. I'm not saying they're generally unable to rise prices in general, but that they have no special additional capacity to raise prices in response to land taxes.
- giantg2 5y ago"but that they have no special additional capacity to raise prices in response to land taxes." How so? If all landlords now have a significant new cost, why would they not raise rent to cover it? This seems to say they cover 80-90% of tax increases through rent increases. And commercial properties should be more competitive. https://mitcre.mit.edu/news/blog/can-landlords-really-pass-higher-property-taxes-tenants https://mitcre.mit.edu/news/blog/can-landlords-really-pass-h...