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"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
by 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.