cross-posted from: https://lemmy.world/post/3560407
Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
Can’t say I really buy the always pass on taxes idea. If a landlord could jack rent by $500 because they have to pay $500 more in taxes and people will pay it, then why not jack the price regardless of whether or not there’s a tax increase.