The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations
The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations
Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.
The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations::Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.
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10% additional tax on any second or more property you own, boom housing crisis solved
Totally agree with this or at the very least penalize anything over a single rental property (in addition to their residence) so that middle class people can still benefit from this while rental corporations get penalized heavily.
> Rent increases to compensate for tax hike
> Surprised_Pikachu.jpg
Economics doesn't work like that. Prices are already as high as the market will bear. Few people intentionally leave money on the table.
More likely:
- Some owners will eat the tax increase
- Others try to raise prices
- They can't get higher prices immediately because supply and demand are the same as before the tax increase
- They consider eating the cost or selling the property
- Property prices decrease due to greater supply
- Former renters and investors who are ok paying the tax buy the properties
End result: more owner-occupied property, some of the tax is paid by the remaining investors and renters.
Maybe I misinterpreted your original comment. Are you suggesting a that the taxes increase by 10% of the going rate (e.g. 5% -> 5.5%?), or the taxes increase by 10% of the property value (e.g. 5% -> 15%)?
If it's the latter, then that makes more sense. That would be unsustainable for a landlord, because no way in hell can someone pull an extra 50k out of their ass each year on a 500k home.