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> the taxes are credited with reducing the residential vacancy rate to 0.49% Isn't that really, really low and a driver of rent rises?
by eli_gottlieb 5mo ago
> the taxes are credited with reducing the residential vacancy rate to 0.49%
Isn't that really, really low and a driver of rent rises?
- applied_heat 5mo agoThey taxes vacancies so vacancies went down - but that doesn’t mean that someone who was happy keeping their property empty put it on the market and found some random tenants with all of the hassles that entails - you can never get rid of them as the laws strongly favour tenants. So you lose control of your “property” Instead they find someone in their network, like a friend or friends adult child that is studying who can stay there and they pay a trivial rent to “take care of the house”