Vancouver plans to tax empty properties 1% of their assessed value

Re:Vancouver plans to tax empty properties 1% of their asses... by andkon on Thursday November 10, 2016 @06:52PM (#12925886)

That's definitely an alternative response. Here, we've decided that we should instead cut investors' demand of housing, rather than increasing supply proportionately in response to investor demand. Like raldi says above, it's an approach that's a little more sensitive to the fact that we have to live in the hollow feeling city that an investor class can make.

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Re:Vancouver plans to tax empty properties 1% of their asses... by snrplfth on Thursday November 10, 2016 @07:00PM (#12925964)

I understand the response, certainly. But I don't think it's going to make housing (rental or ownership) substantially more available or cheaper in Vancouver - it'll just shuffle a few people around. And rich people don't just evaporate because you limit housing supply; they can arbitrage their way around most of these limits pretty easily.

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