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this is visibly happening with retail and commercial properties, but people here swear up and down it absolutely is not happening with residential properties.
by throwaway2048 5y ago
this is visibly happening with retail and commercial properties, but people here swear up and down it absolutely is not happening with residential properties.
The incentives are nearly identical.
- sudosysgen 5y agoIt would be insanely ideologically inconvenient, yet it's a known reality. The only possible solution is to make housing a bad invenstment, but that's too unpopular.
- ethbr0 5y agoYou don't have to make it a bad investment. You can differentiate vacant and non-vacant investments. I.e. Vancouver's Vacant Homes Tax (11674) http://bylaws.vancouver.ca/11674c.PDF http://bylaws.vancouver.ca/11674c.PDF
- harambae 5y agoThis document is dated only 8 months ago. Is there any evidence it has worked so far? (There's a long history of intelligent people gaming laws, where the original intentions of the law were noble enough.)
- deleted 5y ago[deleted]