ANSWER: The entire NATION needs this. Too many folks are so greedy these days. In our INSTANT world today, people just see everything as a Quick FLIP... instead of caring for their fellow man. Businesses do the same... Their profit has to be higher and higher... They're never happy with the regular rate of profit... They ALWAYS want more more more😈
What's better than rent control? A market in which landlords have to compete against each other for tenants, instead of the other way around. How do you get that sort of market? Not by making it less attractive to supply accommodation (as rent control does), but by making it less attractive NOT to-by imposing a tax on vacant lots and unoccupied buildings. The "vacancy tax", as it is sometimes called, is not limited to what real-estate agents call vacancies, i.e. properties advertised for rent; it also applies to unoccupied properties that are not on the rental market (preferably including vacant land, so as not to encourage demolition or deter construction), and prompts the owners to find occupants in order to avoid the tax. Yes, a vacant-property tax is meant to be AVOIDED, not paid. Moreover, avoidance of it would generate economic activity, expanding the bases of other taxes and allowing their rates to be reduced, so that everyone else-including tenants, home owners, and landlords with tenants-would pay LESS tax!
The problem with a non-binding question is it's firing the starter pistol. So now the nice little old lady who only charged 700 or 800 will go to 1500 so they are at market rates before the law passes then its going to go up every year every year . So after 5 years you'll be paying 2gs for that same spot and if you move out they get to rest the baseline to the new market rates
Seriously even New Bedford,mass.
ANSWER: The entire NATION needs this. Too many folks are so greedy these days. In our INSTANT world today, people just see everything as a Quick FLIP... instead of caring for their fellow man. Businesses do the same... Their profit has to be higher and higher... They're never happy with the regular rate of profit... They ALWAYS want more more more😈
What's better than rent control? A market in which landlords have to compete against each other for tenants, instead of the other way around. How do you get that sort of market? Not by making it less attractive to supply accommodation (as rent control does), but by making it less attractive NOT to-by imposing a tax on vacant lots and unoccupied buildings. The "vacancy tax", as it is sometimes called, is not limited to what real-estate agents call vacancies, i.e. properties advertised for rent; it also applies to unoccupied properties that are not on the rental market (preferably including vacant land, so as not to encourage demolition or deter construction), and prompts the owners to find occupants in order to avoid the tax.
Yes, a vacant-property tax is meant to be AVOIDED, not paid. Moreover, avoidance of it would generate economic activity, expanding the bases of other taxes and allowing their rates to be reduced, so that everyone else-including tenants, home owners, and landlords with tenants-would pay LESS tax!
The problem with a non-binding question is it's firing the starter pistol. So now the nice little old lady who only charged 700 or 800 will go to 1500 so they are at market rates before the law passes then its going to go up every year every year . So after 5 years you'll be paying 2gs for that same spot and if you move out they get to rest the baseline to the new market rates