Lnadlords increase competition for the property making it more expensive.
Someone putting an offer on a property might be just fine getting a mortgage for that amount, but not for the amount needed if 5 different landlords are trying to outbid them so they can rent the property to them.
That’s a very marginal effect - and really only in a sellers market. Right now in most places, there are many properties sitting on the market that anyone could put in a reasonable offer and get.
Lnadlords increase competition for the property making it more expensive.
Someone putting an offer on a property might be just fine getting a mortgage for that amount, but not for the amount needed if 5 different landlords are trying to outbid them so they can rent the property to them.
That’s a very marginal effect - and really only in a sellers market. Right now in most places, there are many properties sitting on the market that anyone could put in a reasonable offer and get.
The fewer people making those offers the more those prices will come down.
Increase taxes on secondary properties and people will be more motivated to lower the price in order to sell.