> If there's demand, companies will fund new construction. Not necessarily. Companies will fund new construction that gives them the best returns. Because the

> If there's demand, companies will fund new construction. Not necessarily. Companies will fund new construction that gives them the best returns. Because there are rarely luxury limits on what can be built on land, this results in the most square footage, luxurious house that the market will bear. > If you tax rental, what about owners? They won't care, they don't pay the tax. Owners would pay the tax in this scenario.