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That is one instrument to deincentivizing accumulation of more than 1 property. Increasing supply is definitely another one but as I mentioned that earlier most
by webosdude 3y ago
That is one instrument to deincentivizing accumulation of more than 1 property. Increasing supply is definitely another one but as I mentioned that earlier most of those rental units get acquired by richer landlords. One can also make those investment property mortgages much higher.
- ChrisLTD 3y agoWhat is the point of disincentivizing the accumulation of more than one property?
- beej71 3y agoTo allow more people to buy property and to prevent price increases due to speculation.
- bryanlarsen 3y agoFewer landlords means cheaper to buy and more expensive to rent. Helps the upper middle class at the expense of the poor.
- beej71 3y agoIn my town now house prices are through the roof and the rental market is completely impacted. So cheaper to buy would be a step up.