3 ms·
> Then rents will start rising even more. Landlords will be willing to do price discovery the old fashioned way, offering it with a high rent and letting the un
by bsder 3y ago
> Then rents will start rising even more. Landlords will be willing to do price discovery the old fashioned way, offering it with a high rent and letting the unit stay vacant until someone pays it.
And you fix this with a vacancy tax--which we should have whether this kind of collusion is true or not.
Quite often, commercial entities holding apartment complexes are willing to let a property sit vacant because they can tack that onto the end of the financing while accepting lower rent would reset the basis of the financing agreement and force them to cough up cash.
A vacancy tax puts the kibosh on this kind of behavior.
- t0suj4 3y agoVacancy tax is insane idea. What is stopping a bunch of crooks scaring away your renters until you sell them a house you intended to hand over to your children?
- earthling8118 3y agoWhat does this "bunch of crooks" look like while they are scaring people away? Seriously, I want to know a valid scenario where this happens. It sounds more insane to plan around that being the expectation than a vacancy tax.