You wouldn’t really need collusion to figure out what your new tax liability was and raise rent by that much. Just like how the cost of an EV goes up by the exact amount of any new tax rebates you’d qualify for by buying one.
You need collusion to make sure all the landlords raise rents by the tax increase. Not every landlord is undercapitalized and lose money over a tax increase so they could not raise rents and steal rents from other landlords.
You still don’t need collusion…it’s got nothing to do with undercapitalization. The IRS would publish a new rule, the underwriter would increase the escrow payment to cover the new tax liability (meaning the amount the property owner pays the bank monthly would increase) and the owner would increase the rent by that same amount. You would only need collusion if you wanted to raise the rates higher than the tax increase. If you wanted to, for example, increase rents by 2x the tax increase, then collusion could be helpful…but its still super risky. It only takes 1 landlord to not be OK with it to expose the whole thing.
Or just ban Landlording of housing and problem solved. The homelessness crisis immediately ends and houses become so cheap that everyone can afford them.
So you wish to and can afford to buy a home right now? Are there even enough homes? If not, where will you live? How will such housing be provided for you and what will you offer in exchange?
Personally I’d like to see housing provided as a basic human right along with health care, income and a few other things but I’m guessing that’s not happening any time soon. Interested to hear what you think of how this will work.
“The United States boasts approximately 15.1 million vacant homes, a staggering number that accounts for 10.5% of the country’s total housing inventory.”
I’ll get the trains ready to forcibly move the unhoused to where to where an empty house is…you wanna start rounding them up, or are you still busy finding them a job they’re able to do so a bank will let them buy one of those houses?
Edit: the situation isn’t as simple as you’d like it to be. If it were, it’d been solved already.
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