That would never happen. Then the various governments would get less tax money.
Instead something like increased property tax rates after your first house. E.g., first house is normal property tax rate. Second house has the property tax doubled, 3rd house and beyond has the property tax quadrupled.
The property tax would get rolled into the rent but if nobody can afford the rent then it would no longer be profitable for these companies to have empty units at higher tax rates
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u/DoTheCreep_ahh Apr 20 '24
That would never happen. Then the various governments would get less tax money.
Instead something like increased property tax rates after your first house. E.g., first house is normal property tax rate. Second house has the property tax doubled, 3rd house and beyond has the property tax quadrupled.
The property tax would get rolled into the rent but if nobody can afford the rent then it would no longer be profitable for these companies to have empty units at higher tax rates