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this post was submitted on 15 Sep 2023
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Hopefully this leads to a large decrease in the number of landlords, as they realize that landlording is not really the good investment it seems unless you are depending on speculation to drive prices up (or do illegal things like not maintain the property properly)
It already has. Many would rather see their property sit empty than deal with this nonsense.
Why do you think rents have skyrocketed?
Which is why an empty homes tax should be 100% of the market value of the dwelling. Have a 1% bounty on it and you will see a big change in availability and pricing.