▲ 429 ▼ Get rid of landlords... (lemmy.world) submitted 2 years ago by db0@lemmy.dbzer0.com to c/leftymemes@lemmy.dbzer0.com 118 comments fedilink hide all child comments
[–] Rivalarrival@lemmy.today 2 points 2 years ago (1 child) So long as the property is desirable to corporate owners, they will be fighting to get around those regulations. By increasing the tax rate substantially on non-occupant owners, we make residential property far less lucrative for corporate owners. When they can make more money selling and lending on the property than they can make renting it, mission accomplished. permalink fedilink source parent hideshow 2 child comments replies: [–] themeatbridge@lemmy.world 2 points 2 years ago So long as you have blood, ticks will try to bite you. Increasing the taxes would be a good way to increase tax revenue, and we should do it, and corporate real estate investors will fight it like hell, but there isn't any reason to think it will discourage predatory behaviors. If they can make more money selling and lending on the property, you get the 2008 bubble all over again. Capitalists are going to capitalize. Regulation is the only weapon against abuse. Taxes are a good start, but it won't be enough. permalink fedilink source parent
[–] themeatbridge@lemmy.world 2 points 2 years ago So long as you have blood, ticks will try to bite you. Increasing the taxes would be a good way to increase tax revenue, and we should do it, and corporate real estate investors will fight it like hell, but there isn't any reason to think it will discourage predatory behaviors. If they can make more money selling and lending on the property, you get the 2008 bubble all over again. Capitalists are going to capitalize. Regulation is the only weapon against abuse. Taxes are a good start, but it won't be enough. permalink fedilink source parent
