Rents will presumably rise accordingly, and then be captured in the form of a tax that is both very difficult to evade and no longer harms economic efficiency
I think that’s a rather hopeful view of the situation, but, on the other hand, I guess it would also help real estate bubbles from forming so there’s that at least.
Right, and when tenants aren’t paying taxes?
Rents will presumably rise accordingly, and then be captured in the form of a tax that is both very difficult to evade and no longer harms economic efficiency
I think that’s a rather hopeful view of the situation, but, on the other hand, I guess it would also help real estate bubbles from forming so there’s that at least.