Comment by nameless912
2 years ago
Another option that I really like is forcing rent control on landlords who don't have at least 80% occupancy. Don't want to reduce your rents to market rate? Fine, the law will do that for you.
2 years ago
Another option that I really like is forcing rent control on landlords who don't have at least 80% occupancy. Don't want to reduce your rents to market rate? Fine, the law will do that for you.
Places like Vancouver, Canada do this through a vacancy tax. It doesn't appear to do much as those leaving the unit vacant are the extreme wealthy and just factor in the tax to the cost of maintaining the house.
Then the tax is too low to achieve the desired effect?
And/or not being applied effectively due to corruption or folks lying/hiding empty units.
I always love this counterargument to penalty based enforcement in these sorts of situations. "The penalties don't seem to have the desired effect!" Then the natural conclusion is that they aren't high enough.
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