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How is it that there are "luxury apartments without renters", yet landlords get away with " rent[ing] out shitty apartments at abhorrent prices"? Why don't the
by vonmoltke 5y ago
How is it that there are "luxury apartments without renters", yet landlords get away with " rent[ing] out shitty apartments at abhorrent prices"? Why don't the people who can afford those shitty apartments move to the empty luxury ones instead?
- Kliment 5y agoBecause they're not on the rental market, but are mostly used as a value store by owners that don't live anywhere nearby, and have multiple properties.
- geitir 5y agoMaybe impose a tax on unoccupied apartments past a certain number
- dredmorbius 5y agoA land value tax accomplishes this without the complexities of determining occupancy status or fraud concerning same.