JPMorgan to spend $1B on rental homes in the US to become a megalandlord

Re:JPMorgan to spend $1B on rental homes in the US to become... by kennend3 on Saturday December 31, 2022 @10:12AM (#34197094)

> Let corporate land owners pay the higher tax on all value.

I'm curious as to who you think will pay the tax.. Wont it be the tenant?

Under your system rent will simply increase by the cost of the tax, which will fully be passed on to the tenant.

This is like applying an "import taxes" and claiming the foreign country "pays". - No they don't domestic consumption pays.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by rcpt on Saturday December 31, 2022 @10:57AM (#34197563)

Land Value Tax is not incident on tenants.

tldr: if landlords could raise the rent and still get tenants they'd do it right now

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Re:JPMorgan to spend $1B on rental homes in the US to become... by maxerickson on Saturday December 31, 2022 @10:58AM (#34197581)

"simply increase by the cost of the tax"

The "simple" part isn't correct. Renters will pay some share of the tax, but it's unlikely that the owners would be able to shift 100% of the burden.

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