Then where will these people live? Under a bridge? Most don't have the credit history or down payment for a home, and many don't have the income to buy a home even if they had a down payment and a good credit history.<quoted text>
No you won't raise your rent. See, if you raise your rent, people won't rent your apartments. Then you won't be able to pay all those mortgages. So you will either have to sell or reduce your rent to a rate that the market will accomodate. See how that works?
Unless somebody takes away my write-offs alone, all landlords would increase the price of their rental units. We all go up. In fact, that's what's happening right now. You can't even find a good rent today whereas just a year or so ago, rental units were a dime a dozen and we were competing against each other.
It's a good illustration of what happens in all markets when you increase taxes or take away write-offs.