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One correction: Change "Build more housing" to "Increase supply of available housing". Those are distinct. There is a LOT of unused housing that sits empty. If
by robcohen 2y ago
One correction:
Change "Build more housing" to "Increase supply of available housing". Those are distinct. There is a LOT of unused housing that sits empty. If you changed the incentives a bit, that housing would not sit empty, and thus the supply of available housing increases.
- bluGill 2y agoCitation needed. I've never seen an-one back that up. Note that people who move need to occupy two units and scheduling the next renter to arrive on time is hard so some units must be empty while other people have two units.
- conception 2y agoThere are lots of examples of empty housing taxation, canada, france, etc. https://www.greenbuildermedia.com/blog/do-vacancy-taxes-work-yes-but-speculators-hate-them https://www.greenbuildermedia.com/blog/do-vacancy-taxes-work... The effects seem to increase the housing supply but are in and of themselves not a one stop solution to the problem.
- HDThoreaun 2y agoAustin vacancy rate sitting at 6%. Getting below 3% is generally seen as impossible so 6 isnt that bad. Vast majority of vacancies are rehabs and people moving.
- xnx 2y agoEmpty units seem like a great deal for residents. They pay taxes, but use no (or little services).