Christian Osgood questions policies that tax landlords heavily or drive them out of a state. If landlords leave, who provides rental housing? And how do remaining ones afford maintenance when taxes rise and rents are controlled?
Chapters
So you want to chase the rich out of your state and your theory is that it's going to drop rent. Two questions. One, if you chase out all of the landlords, who do you plan on renting from? If anyone remains to rent to you, my second question is, why or how would they pay to fix up your building if they paid a whole bunch of money for the building? They have to pay for all the expenses, but now your rent is lower. If they have less income but the same or greater expenses— oh no, wait, they higher because you want to tax them out of your state, how are they going to pay to renovate your space?