News for hackers. Stuff that matters.

A comment on California Homeowners: Please Convert Garages into Apartments. Parent comment

Re:California Homeowners: Please Convert Garages into Apartm... by nautilus12 on Tuesday April 23, 2019 @08:10PM (#19734325)
Agreed, we need to solve the issue of houses sitting empty due to money laundering and foreign investment. Why try to encourage people to convert their garages when they are hundreds of thousands of living units sitting completely empty for people's portfolios?
[ Parent | on HN ]
Re:California Homeowners: Please Convert Garages into Apartm... by srcmap on Tuesday April 23, 2019 @08:37PM (#19734485)
10% "vacancy" tax / year can solve this problem and drive property speculations out of the housing market.
[ Parent | on HN ]
Re:California Homeowners: Please Convert Garages into Apartm... by twiceaday on Tuesday April 23, 2019 @11:33PM (#19735339)
1978 California Proposition 13: Section 1. (a) The maximum amount of any ad valorem tax (a tax whose amount is based on the value of a property) on real property shall not exceed one percent (1%) of the full cash value of such property.
[ Parent | on HN ]
Re:California Homeowners: Please Convert Garages into Apartm... by whenchamenia on Wednesday April 24, 2019 @10:36PM (#19744548)
Then there is the law to change. Simple.
[ Parent | on HN ]