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They should just make a law to decrease taxes on primary house by 75%, on secondary houses by 50%, then augment the taxation by 400%. I understand having a vac
by orwin 4y ago
They should just make a law to decrease taxes on primary house by 75%, on secondary houses by 50%, then augment the taxation by 400%.
I understand having a vacation/family home (not in crowded cities however), but having more than one and leaving it empty just to raise the price of similar unit feel really scammy to me.
- codemac 4y ago> but having more than one and leaving it empty just to raise the price of a similar unit Is there a dearth of this happening? SF vacancy rates are roughly the same as they are across the country. Also, from a balance sheet standpoint: if you raise the rent of a similar unit, then the rent lost on your empty unit goes up. You're actually losing more money (potential rent - rent received).