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[–] 63 points 2 years ago (1 child)

50% vacancy tax. Any property that is vacant for more than 50% of the year would require the owner to pay 50% of the assessed value, unless they can prove there is zero demand for the property at any price.

Would solve the problem very quickly. It's a fair, equitable, market driven solution to the problem of real estate vacancies. But governments are much more concerned with maintaining the illusion of value, than effective land use.

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  • [–] 7 points 2 years ago (3 children)

    We have something better called eminent domain.

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  • [–] 9 points 2 years ago (1 child)

    That would set a dangerous precedent though.

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  • [–] 2 points 2 years ago (1 child)

    Yeah I'm just kidding that would be a chaotic nightmare.

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  • [–] 2 points 2 years ago

    Eminent domain requires the government to compensate the land owner with the "fair market value" for taking their land. As the "fair market value" is so overinflated that no one can afford to rent the space, taking vacant properties through eminent domain is not a solution.

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