3 ms·

Whats missing is a sensible property tax scheme. Just tax the non-resident owners, who don't vote, at a much higher rate than city residents. Then use the extra

• cgh 12y ago
  In the case of Vancouver, generally speaking they aren't non-resident or even non-citizens. Emigrating from China to get permanent residency and eventually citizenship for family members, along with a Western education and health care, goes along with buying one or more homes as part of what a friend who works in immigration calls "the full package". The net effect is a dramatic increase in inequality and skyrocketing house prices. A partial solution has already happened: the cancellation of the immigrant investor program.
• prostoalex 12y ago
  > Just tax the non-resident owners, who don't vote, at a much higher rate than city residents. You don't even need to do a higher rate - they've likely bought their properties in nicer neighborhoods at higher prices, so the property tax revenue from the is higher anyways.