Yeah, landlords will just keep taking it up the date?
Here's a typical example of the situation BEFORE the new tax :
Property worth $700k
Rent $20k
Costs $7k
And now another $1600 costs, so net revenue on a $700k property goes to around $11k. That ain't going to happen, and with all Andrews other policies the supply isn't there to drive property prices down to meet the return, so the return can ONLY GO UP!
