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Seems like that would guarantee that only the most profitable uses of a given property would be contemplated by the owner.
by CamperBob2 2y ago
Seems like that would guarantee that only the most profitable uses of a given property would be contemplated by the owner.
- permo-w 2y agoexactly, so those people who own an old empty warehouse, a large basement, or whatever, now have a huge incentive to find uses for them. or they have to sell them which pushes prices down for everything
- CamperBob2 2y agoBut what good does it do to push prices down, if even more money has to be paid in taxes for as long as they own the property?
- permo-w 2y agolower value, lower tax. lower value, lower rent.