Simple, set a national tax on rental income over a certain percentage of rental cost. For example, if a rental property costs $1,000/month for mortgage/taxes/etc, allow landlords to charge up to $1,200/month with standard taxes. Anything above $1,200 is taxed at 90%.
It's the basic solution to most problems of wealth inequality in this country, except the rich own this country, so it won't happen.
I'm from Jersey myself, we get a lot of shit cause our drivers speed like there's no tomorrow, but they're fairly decent overall. At least in South Jersey which is the real Jersey, not NYC-lite like North.
imchasingentropy t1_j8nmeo0 wrote
Reply to comment by munchingzia in What can I do about exorbitant rent increase? I know all municipalities have their own laws regarding rent increase, but who do I contact? by AhoyGoFuckYourself
Simple, set a national tax on rental income over a certain percentage of rental cost. For example, if a rental property costs $1,000/month for mortgage/taxes/etc, allow landlords to charge up to $1,200/month with standard taxes. Anything above $1,200 is taxed at 90%.
It's the basic solution to most problems of wealth inequality in this country, except the rich own this country, so it won't happen.