A new Harvard analysis finds people across income levels got squeezed by rent hikes during the pandemic. The market has lost millions of low-rent places, and new construction is mostly high-end.
  • Rivalarrival@lemmy.today
    5·
    9 months ago

    You didn’t read or understand what I wrote.

    1. If you live in the house, you pay less tax.

    2. If you’re a wall street investor hiring a property manager to rent out a house you own but have never seen, you pay more tax.

    You paid more than a paycheck in taxes? That sucks. Let’s knock a little off of that tax bill for you.

    The investment firm that leases to your neighbor? Yeah, we’re gonna send their taxes through the roof.

    Please tell me you understand that part first, and then we can discuss how land contracts and private mortgages convert “tenants” into “homeowners”.