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The maximum that renters are willing to pay is a function of the availability of cheaper alternatives, and a tax on rental units increases rents across the boar
by esoterica 4y ago
The maximum that renters are willing to pay is a function of the availability of cheaper alternatives, and a tax on rental units increases rents across the board and removes cheaper alternatives, increasing the amount that people are willing to pay. This is literal Econ 101, supply and demand curve stuff.