4 ms·
Why not just tax for vacant homes, regardless if foreign or not?
by ajmurmann 10y ago
Why not just tax for vacant homes, regardless if foreign or not?
- solatic 10y agoBecause that would ultimately discourage new construction. If you're an investor and you want to invest in a house to hopefully rent out (not keep empty just-in-case for yourself), then you have to factor in the risk of not being able to rent out the property. Having a tax if you fail to rent the house only increases the risk of failing to rent, and thus, makes investing in real estate more risky. Pro-development policies need investment to be less risky, not more risky.
- oakwhiz 10y agoThe investment risk does not increase very much if the price is decreased accordingly.