Comment by jayd16
6 months ago
Why is that? It would devalue property but renters want that. It would only hurt the rent seekers and speculators, no?
6 months ago
Why is that? It would devalue property but renters want that. It would only hurt the rent seekers and speculators, no?
Imagine a half empty mall where there simply isn't enough demand for any more stores. If you add a vacancy tax that bankrupts the mall owners, then the mall shuts down and the renters lose out as well.