4 ms·
Some percentage of property taxes (and the savings from lower property taxes) will be passed through to the renter in the form of higher (lower) rent. That perc
by wskinner 4y ago
Some percentage of property taxes (and the savings from lower property taxes) will be passed through to the renter in the form of higher (lower) rent. That percentage will be between zero and one. What is your justification for asserting that percentage is exactly zero?
- Aunche 4y agoI'd argue that this percentage is near-zero in high-demand places like NYC and the bay area. Rent is simply set at what the market will bear. For example, during the height of the pandemic, landlords had no choice, but to significantly lower their rents in NYC even if they had to do so at a loss.