Reader's View: Raising rents raises everyone’s taxes
So, for my increased profit, I would shift the economic brunt of the unhoused to you, as taxpayers, to deal with.
I am writing regarding rental profits. I have one rental unit. Perhaps that gives me a clearer microview of landlord profits.
The unit is well-kept and at the low end of rental prices. I make a profit every month. I could make more of a profit by raising my rent price. If I did so, though, the renter perhaps would not be able to afford my price. The present renter could, perhaps, as a working adult, go live with his parents or sleep on various friends' couches. I doubt he could find another rental unit at this price. Or he could live on the streets, sleeping outside or hoping to get a spot at the overnight shelter. As such, he would join other unhoused who we, as taxpayers, pay a large portion of police and firefighter salaries to support.
So, for my increased profit, I would shift the economic brunt of the unhoused to you, as taxpayers, to deal with. You would be paying for my increased profit.
What is a reasonable profit for landlords? And where do landlords own the responsibility of turning to our taxes for their profits?
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