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> My little city is alot like Vegas in some ways... half vacant In what way is your "wacky" city anything like Las Vegas, which has a huge percentage of renter
by listenallyall 8y ago
> My little city is alot like Vegas in some ways... half vacant
In what way is your "wacky" city anything like Las Vegas, which has a huge percentage of renters (vs homeowners), and one of the lowest rental vacancy rates in the United States?
- Spooky23 8y agoIt’s 65% rental, but demand is for property affordable to a median income household. These properties have up to 20 year tax exemptions and are targeted at 90th percentile income in our area. So homeowners and owners of normal rental property get to carry the tax burden of mostly older wealthy renters.
- listenallyall 8y ago65% renters, vocal demand for "affordable" housing, crazy tax schemes -- your burgh sounds like San Francisco far more than Las Vegas. http://www.city-data.com/top82.html http://www.city-data.com/top82.html You've just made up some fictional connection between your town as Las Vegas for karma-gathering, despite there really being no substantive similarities at all.
- Spooky23 8y agoThey certainly share a lot of bad debt that we’ll collectively be making good on, and have overheated valuations for a variety of reasons. Sorry if you disagree. I may well be wrong, but internet points don’t motivate me fwiw.