The Biden administration announced new steps Friday to ensure access to affordable housing, launching a slew of resources to convert high-vacancy commercial buildings to residential use.
I’ve said for a while that vacancy taxes should be extremely painful. Like 10% of the land/structure value per month, increasing 2% every month after that.
They’re gonna need to because ‘Hey corporate land owner, were gonna make all this residentia’ is gonna scare a lot of rich people. Which would be fine if we didn’t run a market economy that collapsed if rich people get scared.
I hope they work on fucking the investment property market as well.
I’ve said for a while that vacancy taxes should be extremely painful. Like 10% of the land/structure value per month, increasing 2% every month after that.
They’re gonna need to because ‘Hey corporate land owner, were gonna make all this residentia’ is gonna scare a lot of rich people. Which would be fine if we didn’t run a market economy that collapsed if rich people get scared.