They should just cap it at 3-5% for the 3 years instead of freezing rents. You can freeze rents all you want but property taxes, income taxes, maintenance, etc are all going up across the board.
They should just cap it at 3-5% for the 3 years instead of freezing rents. You can freeze rents all you want but property taxes, income taxes, maintenance, etc are all going up across the board.
This is Germany not America they actually like their people. I bet their property taxes make sense.
German property taxes range from 0.25-1%.
Property tax rates in my state, MA, are 0.5-2%
So not THAT much difference. Germany previously had a 20% cap on rental increases so I'm not seeing anything thats all too different than the US.
German property taxes range from 0.25-1%.
Property tax rates in my state, MA, are 0.5-2%
So not THAT much difference. Germany previously had a 20% cap on rental increases so I'm not seeing anything thats all too different than the US.
Landlords in America are goingat the thought of this happening in a 1st world country. They cannot fathom lowering their profit intake for the good of society as a whole.
The fact that real estate is fukked up worldwide is a clear indication that it’s corporations buying up the properties. None of this will be fixed if the countries don’t penalize owning multiple properties, I THINK.
No. I think he means the ones that were ALL reimbursed through the American Rescue Plan.You mean besides all of the landlords that had rents & evictions frozen during Covid?
Can you explain how you want landlords to "lower their profit" while there's rampant inflation, the cost of maintenance is way up, property taxes are way up, mortgage interest rates are triple what they were two years ago, etc.
Most landlords aren't giant corporations and most make 5-10% cash on cash returns in their investment properties. Those aren't "heavy profit" margins that leave a lot of room to lower rent.
*if the tenant wasn't a POS and actually applied for aid, sure.No. I think he means the ones that were ALL reimbursed through the American Rescue Plan.![]()