3 ms·
Ah, so a "housing speculator tax" or an "unused residence tax." That makes a lot more sense than a landlord tax. edit: Occurs to me that this would help deal w
by breischl 13y ago
Ah, so a "housing speculator tax" or an "unused residence tax." That makes a lot more sense than a landlord tax.
edit: Occurs to me that this would help deal with bank-owned properties that can sometimes sit vacant for quite a while. OTOH, that very thing might make it harder to get a mortgage - lenders would be scared they'd end up owning some unsaleable property in downtown Detroit, and paying elevated taxes on it to boot.
- ChuckFrank 13y agoCorrect. Vacancies that accrue speculative value, or vacancies that are covered by rental insurance destroy the housing supply chain. Rentals on the other hand are amazing. They are a great way for people to start on their way to home ownership, and they are great for labor mobility. Robust rental markets should be supported by the type of residences allowed by planning - granny units, alley units, secondary units, etc. Plus smaller rental units as well.