this post was submitted on 06 Nov 2023
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Te Wai Pounamu / South Island
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Sounds like a good way to make renting a house almost impossible.
Then maybe we figure out a way to control the rent as well? That way it's tied to the worth of the house and not to the mortgage+taxes? This way, increased taxes only hurt the owner, not the renter.
In the Netherlands we have two categories of rental homes: social and "free".
Social ones have a rental price cap set by the government based on a point system (more points = higher max rent). These points are a reflection of the value given to living there. Dishwasher? That's a bunch of points, separate garden? More points. It's not perfect, but it's helping a whole bunch.
If your house is being rented for more than a certain amount per month, you're in the free section. No real requirements are present there. Renters still have very strong protections from landlord abuse through.
If you're to implement a cascading tax system which increases per house, the second group would be the one I'd target. Social housing isn't very profitable and is therefore mostly run by non-profits.