3 ms·
Yeah, I've seen way too much empty office/restaurant spaces in many of the places I've lived simply because landlords won't lower the rent. IMO, there should be
by aceazzameen 4y ago
Yeah, I've seen way too much empty office/restaurant spaces in many of the places I've lived simply because landlords won't lower the rent. IMO, there should be penalties if a space sits empty for too long in high traffic areas. It's an eyesore, it harbors pests for neighboring spaces, and there's people out there who can definitely use the space but can't afford it. Intentional empty spaces are simply bad for communities and I wish something could be done about it.
- orangepurple 4y agoYou should be asking why property owners can afford to sit on an unproductive building in a high traffic area. Forget your penalties. The answer is complex but fundamentally lenders are ruining our society.
- wardedVibe 4y agoLand value tax would solve this.
- ttyprintk 4y agoBut it could be designed to be more specific. Demonstrate the lost city revenue from hypothetical retail or office work; split the difference if it’s vacant.