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Well the way I was thinking was that the higher-income tenants would subsidise the lower-income ones -- but within a certain range (i.e., no more than 10% highe
by derekp7 13y ago
Well the way I was thinking was that the higher-income tenants would subsidise the lower-income ones -- but within a certain range (i.e., no more than 10% higher for the high-income ones, and 10% lower for the low income ones -- adjust as necessary). This could be implemented via something like a sales tax, but would apply to the monthly rent, and would be progressive based on the tenant's income (above a certain income level, tenants would pay more, and below a certain level tenants would receive a subsidy). The apartment owners would still get the same overall income though.
This should only have the effect of driving higher earners out of the city, which would then cause the desired effect of lowering property values, and therefore lowering rent overall.
- thaumasiotes 13y agoPeople generally don't want lower property values. What they want is higher property values and lower rent. Personally, I agree that lower property values other things equal are a good thing, but getting them by driving high earners out is a loss; it makes everyone poorer.
- nimble 13y agoThis idea reminds me of the ones I used to get from my boss for how we should change the software system I was building for him when it wasn't working the way he expected. His solutions would (usually) fix the immediate problem he was seeing, but in a completely ad hoc way that would usually introduce numerous other problems.