Tax discounts to lower rent prices only incentivize the worst, most negligent slumlords, in a race to the bottom for housing quality. Rent controls and discounts on taxes for below-market rents exacerbate the major problems with renting.
Jacking up taxes jacks up rental prices.
It does. But, if nobody will be renting; nobody will be paying those jacked up prices. Read my comment again: I am trying to eliminate the concept of renting, and replace it with a much more equitable approach.
I want to replace “renting” with “land contract”.
A land contract is a type of purchase agreement that starts off similar to a rental. They aren’t used very often because they are somewhat complex, and they put a lot of power in the hands of the buyer/tenant rather than the seller/landlord. Land Contracts have a fixed monthly price: there is no year-to-year price hike.
Most importantly, they gain equity for their tenant/buyer.
Tax discounts to lower rent prices only incentivize the worst, most negligent slumlords, in a race to the bottom for housing quality. Rent controls and discounts on taxes for below-market rents exacerbate the major problems with renting.
It does. But, if nobody will be renting; nobody will be paying those jacked up prices. Read my comment again: I am trying to eliminate the concept of renting, and replace it with a much more equitable approach.
I want to replace “renting” with “land contract”.
A land contract is a type of purchase agreement that starts off similar to a rental. They aren’t used very often because they are somewhat complex, and they put a lot of power in the hands of the buyer/tenant rather than the seller/landlord. Land Contracts have a fixed monthly price: there is no year-to-year price hike.
Most importantly, they gain equity for their tenant/buyer.