seems very very hard to get right. non primary residences (and all other property) are already taxed at higher rate in Texas w/ our homestead exemptions. It's

seems very very hard to get right. non primary residences (and all other property) are already taxed at higher rate in Texas w/ our homestead exemptions. It's hard to say how discouraging capital from entering the market will decrease prices. If companies are willing to put up capital to rent homes that should theoretically increase the supply of residences available for rent. You could argue price fixing or other issues are at stake but it seems more complicated than a single line issue. Typically single family homes aren't good targets for rental so we may see this whole experiment fail naturally. Many areas the math just doesn't work. The target price when this idea started was like a $200-250,000 home. There aren't many ways to get one of those right now. As you go up in price it's harder and harder to find a tenant that would prefer to rent. I think Abbott is just trying to blow the wind in a different direction as one of the causes of real estate price explosion in big cities in Texas is due to migration of people due to corporate tax incentives he is behind which is a good thing for those that already own but bad for those that don't.