If you're talking about property taxes, then renters pay that as well through their rent (which passes through the landlord before getting to the city/county).
* https://realestatemagazine.ca/do-residential-tenants-pay-pro...
And is some (many?) cases higher rates than owners:
* https://www.renx.ca/renters-often-pay-higher-municipal-taxes...
Economy's doing badly? Rent increases because costs and taxes for the landlord are higher.
UBI? Rent increases because people have more disposable income.
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The secret to the infinite money glitch is to maintain a much lower supply than the demand, and to concentrate jobs within a small area
Property taxes are not wealth taxes, but fees for services rendered by the local government. Both home owners and renters (may) benefit from those fees.
Either way, if I rent out my house and pull in $5k/mo but spend $2k/mo on principal, $2k/mo on interest, and $1.5k/mo on miscellaneous costs, that $500 "loss" translates into me paying $500 for $2k in principal value, all while gaining the benefits of solid inflation-indexed real estate growth AND assistance up the amortization schedule. So even cash-flow negative rentals are usually pretty long-run lucrative.
Just because landlords don't clear their monthly expenses does not mean that the tenant's rent is not going to cover (a portion of) property taxes.
I assume that rising property values make the endeavor worthwhile?
tone: I am not being snarky here. Genuine question.
