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A Sore Spot in L.A.'S Housing Crisis: Foreign-Owned Homes Sitting Empty
- miguelazo 2y agoMajor policy failure on the part of Dems (and the YIMBYS who advocated building all of the luxury condos that fed this market).
- deleted 2y ago[deleted]
- Finnucane 2y ago"In 2022, San Marino’s City Council proposed a ballot measure to levy a $10,000 tax on vacant commercial and residential properties, but it ultimately failed to pass. " Considering the values of some of this housing, that's probably not enough to force units back onto the market.
- miguelazo 2y agoAgree. And I think Vancouver BC's vacancy tax would have been even more successful if it had been sufficiently painful.
- jprd 2y agohttps://archive.md/ARWaq https://archive.md/ARWaq