That just increases rental prices (making buying more attractive, but that’s not an option for many people, and also supply is constrained).
I think the best is just to not allow buying a home for the purpose of renting it out. If you want to rent out a property, sure, but you need to build one first.
That just increases rental prices (making buying more attractive, but that’s not an option for many people, and also supply is constrained).
I think the best is just to not allow buying a home for the purpose of renting it out. If you want to rent out a property, sure, but you need to build one first.
Rental units are occupied (untaxed). The tax would punish unoccupied rental units and drive down prices.
Or it will increase supply (there are millions of unoccupied units purely for speculation) and lower rent prices.