Yes beyond a limit that property would be unrentable due to high rent. Then since the property owner still would have to pay taxes on the property he might sell it.
That is if the law is properly worded and properly applied.
Your analysis is missing half the story. This setup would encourage local property ownership. They would undercut the corporations. We might see increased competition and therefore lower prices as a result.
I agree with you, though. A strong solution is better.
Raise taxes? They’ll just pass the cost on to the renters. We need to forbid then from buying houses.
Yes beyond a limit that property would be unrentable due to high rent. Then since the property owner still would have to pay taxes on the property he might sell it.
That is if the law is properly worded and properly applied.
Your analysis is missing half the story. This setup would encourage local property ownership. They would undercut the corporations. We might see increased competition and therefore lower prices as a result.
I agree with you, though. A strong solution is better.