4 ms·
Yup, it can just become 50% empty investment properties, and folks can scrounge for what's left. Some solution is going to be needed to prevent that situation,
by windlep 10y ago
Yup, it can just become 50% empty investment properties, and folks can scrounge for what's left. Some solution is going to be needed to prevent that situation, though maybe with all those empty houses, there'll be less people to make traffic so bad.
- ethbro 10y agoJust tax unused properties at a higher rate. Speculative investment wouldn't be as bad if they were rented.
- muzz 10y agoA Texas-sized property tax rate would do the trick
- kurttheviking 10y agoOr, a proper Land Value Tax[1] [1]http://www.economist.com/blogs/economist-explains/2014/11/economist-explains-0 http://www.economist.com/blogs/economist-explains/2014/11/ec...
- Semiapies 10y agoIf lots of people leave, investing in property won't be as attractive, and folks will have more to scrounge among. But then, this is SF's usual cycle.