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Isn't real estate taxed already? Why isn't that more than enough?
Seems like a city would love having empty apartments.
Isn't real estate taxed already? Why isn't that more than enough? Seems like a city would love having empty apartments. They still pay property tax supporting local schools, fire, police, etc. But empty apartments aren't flooding the city services!
the actual issue, regulatory costs and high taxes which prevent companies from entering the market and providing more housing.
Conversely if you strip commercial protections from Prop 13, you will push a segment of businesses out of California due to... higher taxes.
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