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What could go wrong?
(lemmy.world)
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this post was submitted on 05 Apr 2025
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Well sure, people would stop renting in protest, and you’d have to tax unoccupied spaces at high rates to compensate.
It would crash the real estate market, which arguably needs to die since availability is artificially scarce due to wealthy hoarders.
Doing just this would help quite a lot today. A bunch of properties sit vacant because it's cheaper to just pay the taxes and let the property appreciate than it is to bother with renting.