wonder who
wonder who
cross-posted from: https://slrpnk.net/post/20563106
David Hoffman, London, 1973
16 comments
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We need to tax empty units HARD. Then use those funds directly towards either rental assistance programs to get people into homes or new affordable housing units.
Either land barons will start renting those empty units out or paying the fees to fund housing projects.
The side effect is all those new units on the market might lower rent which lowers home values. So it won't happen.
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Tie the tax to the price of rent and you'll be guaranteed to see rents dropping
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If you like the idea of taxing rent, then you definitely need to read up on Land Value Tax. It ignores all the complexity of trying to figure out the economics of specific practices (it works for retail, commercial, sports areas, etc) into taxing the rent value of the land.
It also encourages building and maintaining housing when compared property taxes (those discourage improvements as improvements increase the landlords taxes).
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I’d see a new loophole where the landowners just demolish the buildings to claim the land as vacant instead.
Unfortunately, the land owners will always try to find some kind of loophole to try and squat on land and rent seem as much as possible, but taxing empty units is a good start
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I’d see a new loophole where the landowners just demolish the buildings to claim the land as vacant instead.
shrug Keep taxing them based on the value of the building they demolished
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I don't see tearing down Skyscrappers or multi unit complexes as being financially sound or retaining land value
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There are more than 20 empty homes for each homeless person in the US
16 comments