Earlier quoted context omitted.
> In less than 3 years the rent in our working class city went up 45%. I sympathize with that but I want to make sure people understand the dynamics. Prices are driven by supply and demand. If there's only one empty apartment in the city and you're willing to pay $2000/month, I am gonna have to pay $2100 month if I want to live there instead of you. That's sort of separate (though related to) prices of houses. What w…
> one way to drive prices in your city down is to have some even that renders it undesirable (..., defund the police ...) there are so many problems with your post but the assumption that defunding the police is necessarily going to cause prices to collapse is probably the most obviously biased one. the idea that you should view housing as simply a matter of supply and demand and not consider any externalities is an…
Comrade, I am speaking about "how it works" not "what would be really nice if..."
> Income from residential rentals is taxed at the same rate as ordinary income, the kind you get from actually doing something.
I can tell you have never owned an apartment or a house. The amount of money and time that goes into maintaining a property, managing risk of bad tenants, etc is really high. Not to mention property taxes which is likely something you've not heard about (or, at least you don't mention that in your post when talking about the tax burden.)