3 ms·
>Are you just proposing that those be increased? Sure, or an additional tax on unused or barely used real estate if we wanted to be targeted, but really I like
by frgtpsswrdlame 8y ago
>Are you just proposing that those be increased?
Sure, or an additional tax on unused or barely used real estate if we wanted to be targeted, but really I like the broad property tax.
>And you think that will make real estate more valuable?
No, I'm not trying to make real estate more valuable, actually I'm trying to make it less valuable by ensuring that the high levels of competition we see in booming real estate times carries over to the busts. If the costs are so low that people are just sitting on these properties and waiting for a magical moment when prices rise then obviously costs need to be increased to pressure these people to enter the market. Liquidity shouldn't drop when prices drop.
- jessaustin 8y agoIncreasing property tax in general is less bad than this "unused or barely used" tax idea. That sounds like a good way to turn all old malls into flea markets. That is, big messy places where anyone can sell anything she wants out of the back of her van, for $5 a day. "Anything she wants" will include a wide variety of items to which neighbors will object strenuously. In addition to the unsavory sales activity, other unsavory activity will also take place. There's no way any taxation scheme will pay for the required extra policing. I won't be surprised if we don't see this happen...