3 ms·
Other cities not in Washington should try this, too. Vacant or unused apartments should be taxed too. I live in Miami. My building is 55-60% occupied at best
by NickC25 4y ago
Other cities not in Washington should try this, too. Vacant or unused apartments should be taxed too.
I live in Miami. My building is 55-60% occupied at best during peak season (October/November through March). The building is over 5 years old yet 10-20% of units are literally unfinished, and another 10-20% are used so infrequently (less than 8-10 weeks a year)......yet we have a ton of homelessness and it seems developers are too poor to build anything but "ultra-luxury" (their words) developments.
Something doesn't add up.
- ZoomerCretin 4y agoThe thing that doesn't add up is the onerous zoning restrictions. When you're limited in how many units you can build, and that total is lower than the demand for the highest-margin "luxury" housing, guess what gets built? You can have exclusionary low-density zoning and homelessness, or you can have abundant affordable housing but residential areas are a mix of building types (SFH, MFH).
- seanmcdirmid 4y agoMaybe just crank up property taxes to put more pressure on productive use of the property? Then take the extra property tax to subsidize in-need housing, win win?