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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.