EXTRA: Why Rent Control Doesn’t Work (Update)
Freakonomics Radio
Impact of Property Taxes on Rent
High property taxes in cities like New York can substantially impact rent prices. Landlords cannot be expected to absorb tax increases without potentially passing on those costs to tenants. It is crucial for tax-paying bodies to understand the repercussions of these increases on rental prices and not expect landlords to solely bear the burden, as it would lead to an unsustainable system.
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