Homeowners build wealth via property appreciation and equity, while renters don’t. Wealthier people can afford homes; lower-income individuals often can’t.
Utah, high home ownership, lower income disparity
California, low home ownership, high income disparity
outside of america
Australia, UK, lower home ownership (situation is getting worse by the day), high income disparity
Romania, Netherlands, Hungary, Norway, higher home ownership, lower income disparity
they are tied at the hip, those that own will be getting rental income, which grows that disparity.
I'd say that income disparity based on housing problems, wont easily be solved with taxation, landlords arent dumb, you mess with their bottom line, and they can grow the disparity simply by raising rent, which pushes the tenant further away, and landlord further ahead with the government as the middle man, essentially collecting from the tenant. For me, that's the only time I raise rents, when there's regulations passed that make my life harder, I'm raising the rent, because I sure as hell aint eating it..... and the amount of people who would line up for my rental units are kind of insane despite high prices.