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A comment on Vancouver plans to tax empty properties 1% of their assessed value. Parent comment

Re:Vancouver plans to tax empty properties 1% of their asses... by aianus on Thursday November 10, 2016 @08:23PM (#12926536)
Or:

3) Agree to high-density rezoning, endure the construction noises and shadows and whatnot for a couple of years, then sell your house to a condo developer for a massive profit and never have to work again.

This isn't a hypothetical, I saw it happen on the street I lived on in college. The detached houses fell like dominos and were all replaced by high-rises until there were none left.

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Re:Vancouver plans to tax empty properties 1% of their asses... by snrplfth on Thursday November 10, 2016 @08:53PM (#12926725)
Sure, if you want to sell. But if only some of the people want to sell, then the problem of non-compensated externalities arises again. It's a classic collective action problem arising mostly from the fact that things like air rights, street space, and so on, are barely tradable.
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