Re:Vancouver plans to tax empty properties 1% of their asses...
by vehementi on Thursday November 10, 2016 @05:51PM
(#12925320)
Why post with such confidence when you're not informed?
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Re:Vancouver plans to tax empty properties 1% of their asses...
by vkou on Thursday November 10, 2016 @06:04PM
(#12925425)
When you're throwing two million dollars at a house, sight-unseen, that you then let stand empty for years, how difficult would it be to hire a housekeeper to come around the place every week, and make it look lived-in?
Re:Vancouver plans to tax empty properties 1% of their asses...
by anindha on Thursday November 10, 2016 @06:11PM
(#12925500)
They could have a whistle blower reward. Someone is going to find out. Say 20% of the fine goes to the person that reported it.
Re:Vancouver plans to tax empty properties 1% of their asses...
by OJFord on Thursday November 10, 2016 @06:21PM
(#12925601)
> When you're throwing two million dollars at a house,
> sight-unseen, that you then let stand empty for years,
... you're not breaking a sweat paying the $20k.It sucks, you'd rather keep your $20k, of course. But it's not worth risking cheating it...
Re:Vancouver plans to tax empty properties 1% of their asses...
by eli on Thursday November 10, 2016 @06:13PM
(#12925514)
Having someone keep the house clean and presentable is in itself a laudable goal.
Re:Vancouver plans to tax empty properties 1% of their asses...
by gorkemyurt on Thursday November 10, 2016 @06:10PM
(#12925496)
you might as well actually rent it out at that point..
Re:Vancouver plans to tax empty properties 1% of their asses...
by snrplfth on Thursday November 10, 2016 @06:13PM
(#12925516)
That means tenancy contracts, risk of damage, and a whole raft of legal obligations.
Re:Vancouver plans to tax empty properties 1% of their asses...
by derefr on Thursday November 10, 2016 @06:15PM
(#12925549)
If you're an absentee building owner, you don't (can't, really) worry about any of those things yourself. Instead, you lease your building to a property management agency, who handles all of that for you.
Re:Vancouver plans to tax empty properties 1% of their asses...
by jonknee on Thursday November 10, 2016 @06:19PM
(#12925581)
Well being a tax cheat also introduces a whole raft of legal obligations...
Re:Vancouver plans to tax empty properties 1% of their asses...
by snrplfth on Thursday November 10, 2016 @06:25PM
(#12925648)
I mean, as compared to the cost of making it look lived-in, or just stopping by so as to technically "be occupying it". Rents in Vancouver are at a very low ratio to the cash value of property, as bad as 70:1 (value:annual rent.) In the normal world, it's more usually 20:1. This means that the costs and risks of renting a property in Vancouver are often considered not worth it.