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A comment on New Taxes and Higher Density Aren't Fixing Vancouver's Housing Problem. Parent comment

Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by amiga_500 on Wednesday May 08, 2019 @11:29PM (#19865117)
The price of the land is set by the rental profit.

If you tax land to increase the cost of carry you will see prices fall. Taxes work.

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Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by snowwindwaves on Thursday May 09, 2019 @02:36AM (#19865907)
Increasing taxes on all landlords would cause upwards pressure on rents as lanlords would need to collect more money to cover their costs and hopefully save enough to be able to retire one day.

Disclaimer: I am a landlord

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Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by amiga_500 on Friday May 10, 2019 @08:34PM (#19883607)
Totally wrong, this is not how prices are set.
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Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by snowwindwaves on Saturday May 11, 2019 @07:06PM (#19888938)
when my margins go down I will raise the rents. I currently could charge more but I believe charging slightly less than market gets me a better tenant and some goodwill since I am not a full time landlord.
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Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by amiga_500 on Tuesday May 14, 2019 @02:21PM (#19912270)
Anecdotal. Not the rule
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