3 ms·
Property taxes are directly and immediately translate into higher rent. Making rent more expensive doesn't make ownership cheaper, just makes it more attractiv
by wordpad 9mo ago
Property taxes are directly and immediately translate into higher rent.
Making rent more expensive doesn't make ownership cheaper, just makes it more attractive relative to renting.
- MikeNotThePope 9mo agoYes & no. Higher costs can obviously be passed onto consumers, but higher taxes make things a less attractive investment, too. The higher your costs regardless of whether a unit is occupied or not, the less interesting it is an an investment.
- Hammershaft 9mo agoProperty taxes do not directly translate into rent, the % of the tax that is on the land value of the property can't be passed on, because the supply of land is inelastic. https://www.astralcodexten.com/p/does-georgism-work-part-2-can-landlords https://www.astralcodexten.com/p/does-georgism-work-part-2-c...