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how do you incentivize building, and yet have a vacancy tax? If you invest in building, but couldn't lent it out (as it's been incentivized so lots of new compe
by chii 4y ago
how do you incentivize building, and yet have a vacancy tax? If you invest in building, but couldn't lent it out (as it's been incentivized so lots of new competition), it would get hit with a vacancy tax! So the risk of building becomes high under a vacancy tax - therefore, it would cost more to incentivize.
- EricDeb 4y agoA vacancy tax would make it less attractive to investors but people purchasing it to live there as their primary residence wouldn't mind. I dont see how forcing a landlord to rent a property out at market rates or pay a tax is a massive burden. It doesn't have to be a real tax, but it would help stop landlords withholding units for no reason except they aren't making enough profit.