I own 15,000 houses': Robert Kiyosaki says

moneywise.com

2 points·throwitaway222··7 comments

You want lower rents? Stop people like this, raise property taxes for rental units by double.

Assuming he is maintaining and renting out the 15,000 houses, his actions may be lowering rents. In general, housing investors increase the supply of housing.

Who knows? But I’m betting he wants to make money from his investments.

I'm not an economist but builder increase supply of housing. There's a type of investor involved in doing this but that type of investor is not the type that Kiyosaki is.

This would make renting more expensive. It may make owning cheaper when property owners sell off, but presumably renters entering the market (who are in no position to buy) would be hit the hardest.

Pick a number between 0 and infinity, at some point rents go down.

I'm not sure what you mean.

Right now the owner of a house can sell a house and get cash, which is worth X dollars a month when invested.

Or, they can choose to keep the house and rent it out. They will get Y dollars a month for rent, get Z dollars a month in appreciation, but pay P a month in taxes and maintenance.

They will choose to rent out the house if Y+Z-P>X.

If you double P (the property tax) then this equation becomes far less likely to be true. More people will sell their house to people looking to own a house, thus taking rental units off the market.

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