4 ms·
That's the ironic part. The more valuable the local market is, the more incentive there is for some people to sit on their asses. That tells me that taxes are
by bmurphy1976 7y ago
That's the ironic part. The more valuable the local market is, the more incentive there is for some people to sit on their asses.
That tells me that taxes are too low. Not necessarily taxes for used property, but vacant/unused property could be taxed more effectively to promote development.
- yitianjian 7y agoWould love to see a gradually increasing tax on unused/underused property - so small time landlords who lose a lease aren't screwed over but no one should be leaving storefronts empty for years It's terrible in Toronto, you'll see complete sections of the street literally empty since there's so many tax benefits for empty commercial-retail space
- willhslade 7y agoWhere in Toronto? I don't really notice this phenomenon.