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An approach that's being tried elsewhere is a vacancy tax. This encourages either private use or leasing of the properties.
by kharms 8y ago
An approach that's being tried elsewhere is a vacancy tax. This encourages either private use or leasing of the properties.
- WillPostForFood 8y agoOr you could allow more houses to be built. The market can’t work if building is restricted.
- snovv_crash 8y agoUnfortunately there isn't unlimited land with a good location.
- dsfyu404ed 8y agoSo let people build up like every sane city does.
- IWeldMelons 8y ago...and then have them taken over by absentee investors.
- general8bitso 8y agoManhattan?
- simple_phrases 8y agoThen investors will buy the new apartments/properties and leave them vacant. It happens in cities all over the US and Canada.
- mitgraduate 8y agoNot possible in high earthquake risk areas