3 ms·
> Property taxes are the only thing that can redistribute wealth from landlords to the working people. Eh? Working people always pay the property tax, landlord
by cco 3mo ago
> Property taxes are the only thing that can redistribute wealth from landlords to the working people.
Eh? Working people always pay the property tax, landlords do not.
- whatever1 3mo agoLandlords will just price rent at the maximum price the market can afford. Their costs are irrelevant. Evidence: the free cash flow varies wildly per geography even in the same tax region. Landlords will accept negative cash flow in expectation of property value increase.