It’s a complicated pricing issue. The ability to pass a tax onto customers is a function of supply and demand and their relative elasticities. The assertion tha

It’s a complicated pricing issue. The ability to pass a tax onto customers is a function of supply and demand and their relative elasticities. The assertion that the price of housing is a direct function of the costs is false. Consider the inverse: my landlord has their building paid off, but do they pass their savings onto me? The fed drops rates and allows the landlord to refinance: does that make my apartment cheaper? Inversely if my landlords costs go up, they can’t necessarily pass the cost onto me. There are situations where a tax can be passed directly to the customer but it is not guaranteed.