ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying:

Landlords do not provide housing.

They buy and Hold more space than they need for themselves.

Then, they create a false scarcity and profit off of it.

What they’re doing is literally the opposite of providing housing.

  • PriorityMotif@lemmy.worldEnglish
    2·
    1 month ago

    Landlords would just raise rent and claim the taxes as an expense. If they couldn’t claim it as expenses they’ll just increase rent even more.

    • Amadou_WhatIWant@lemmy.worldEnglish
      2·
      1 month ago

      So because other landlords will be trying to raise money to pay the land value tax, they will be more desperate for renters, and will offer a lower price. So if your landlord tried to raise the rent, you would have a lot of cheaper options to leave to. It would make landlords compete against each other.

      See here for theory and empirics, including an example from Denmark