3 ms·
they're playing the long game and it's better to hold and not hold. plus keep rents high and the handful of folks that really need it will pay it. several cit
by red-iron-pine 10mo ago
they're playing the long game and it's better to hold and not hold.
plus keep rents high and the handful of folks that really need it will pay it.
several cities get around this by having under-utilization taxes -- e.g. slap an extra 30% on any property in X neighborhoods that are empty or otherwise cannot prove 50% occupancy