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If the property has low prop13 taxes, then there's not much cost to keeping it empty. Lots of older california real estate like that... entire shopping malls ar
by kurthr 8y ago
If the property has low prop13 taxes, then there's not much cost to keeping it empty. Lots of older california real estate like that... entire shopping malls are empty and "appreciating in value".
- ende 8y agoProp13 on commercial property really needs to be balanced with heavy vacancy taxes.
- ScottBurson 8y agoProp. 13 on commercial property needs to be terminated.
- usaar333 8y agoI don't understand this. If you are not receiving rent, that's a huge opportunity cost regardless of what you are paying in property taxes.