It’s a pretty simple A>B consequence. If the house is being bought to make a profit on rent, then raising the cost of the house means increasing the cost of the rent. The buyer will have calculated how much rent to charge to make a profit in a given timeframe. None of these businesses is going to buy a house for more money and purposely choose to reduce their profit.
All this does is raise the cost of the homes, and therefore the rent charged by the owners to make it profitable.
Howso? Genuinely curious
It’s a pretty simple A>B consequence. If the house is being bought to make a profit on rent, then raising the cost of the house means increasing the cost of the rent. The buyer will have calculated how much rent to charge to make a profit in a given timeframe. None of these businesses is going to buy a house for more money and purposely choose to reduce their profit.