Again, you're asking to end mom and pop landlords. Only big corporations would be able to afford these exorbitant taxes. Taxes shouldn't raise until something like a 10 unit threshold.
If anything should be taxed, it's vacant properties. Part of the affordability crisis is government spending like drunken sailors and decreasing the dollar's value through inflation.
They already are. Section 8 and tax credits to developers for reserving a certain percentage of units for low income
If the taxes scale, it’s not worth it for corporations at all. You can’t be a corporation with two properties. But a smaller family business could.
Making money seeking rent is what destroys the economy.
I agree about empty properties. I think even an unrented property should be subjected to scaling taxes.
Of course section 8 exists but it is not as attractive as price gouging young people and the middle class.
If tax structures made it more difficult to profit from overcharging renters in the middle class and up this, providing affordable rental properties would become more attractive to someone who wants to be a rent seeker.
But rent seeking is what destroys the economy.
