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haxor@derp.foo

There are 28 vacant homes for every person experiencing homelessness in the U.S. (unitedwaynca.org)

submitted 1 year ago by haxor@derp.foo to c/hackernews@derp.foo

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[–] daq@lemmy.sdf.org 1 points 1 year ago

I like the idea, but no good way for this to work out.

Small time landlords with a few properties will get fucked out of existence while massive corporations will get their overpriced lawyers to find a loophole and not pay a dime in taxes despite owning thousands of properties. Then they will just buy up the rest of real estate that small time landlords can't afford now because of taxes.

There's a 0% chance gov can implement this tax correctly, but even if by some random chance they do, corporations will simply pass it down to renters.