Hacker News new | past | comments | ask | show | jobs | submit login

> The largest non-primary residence sector is the residential property for rent. Considering that any tax increase very quickly finds its way into a rent increase, what's the rationale for punishing renters?

Assuming we're talking free markets, then the rent should already be set at the maximum price the market will bear. (If not the landlord is leaving money on the table.) Increasing property taxes is to depress the price of real estate. A simple property tax could also discourage new investment, while a land value tax incentivizes owners to maximize the value of their holdings.




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: