2 ms·
Increased property taxes on non-resident owners.
by alistairSH 4y ago
Increased property taxes on non-resident owners.
- gruez 4y agoThat tilts the housing market (ie. buying/selling houses, rather than leases) to favor resident owners, but it makes it even more expensive for people who have to rent because the tax ends up being passed onto the renters.
- alistairSH 4y agoIn theory, if it's implemented as a true land-value tax (only taxing the value of the raw land, not the improvements/buildings), that doesn't happen. But, yeah, somebody with a stronger economics background (than my undergrad degree, which I've never used professionally) would have to do some calculations on whether preventing mass corporate ownership via taxation would be a net positive for the market as a whole. I tend to suspect it would be positive.