2 ms·
Wouldn't that make homes less affordable and increase rents?
by rcme 4y ago
Wouldn't that make homes less affordable and increase rents?
- riku_iki 4y agoit will make houses less attractive investment vehicle: people will start selling rental houses and downsize to smaller units, which will create additional supply on the market. Also, in case of California for example, if prop13 got eliminated, it will hit mostly existing house owners, and not new ones.