News for hackers. Stuff that matters.

A comment on Investors bought a quarter of US homes sold last year. Parent comment

Re:Investors bought a quarter of US homes sold last year by pwinnski on Tuesday August 23, 2022 @02:52PM (#32569464)
A very high real estate tax with huge discounts for a single primary homestead makes investment less profitable.
[ Parent | on HN ]
Re:Investors bought a quarter of US homes sold last year by giantg2 on Tuesday August 23, 2022 @03:49PM (#32570471)
That won't fix the current problem. That would only potentially prevent it from reoccurring to the current levels. Landlords pass tax onto renters. Renters may seek to buy a home, but if supply is locked up by landlords, they may just be stuck.
[ Parent | on HN ]
Re:Investors bought a quarter of US homes sold last year by idontpost on Tuesday August 23, 2022 @03:19PM (#32569940)
That's just a less efficient, and less accurate land tax.
[ Parent | on HN ]