Re:L.A. council members propose taxing landlords who leave h...
by icelancer on Friday June 21, 2019 @02:18AM
(#20240286)
>> Every vacant home is essentially a theft from someone else who has no home or is priced out of the market.
If you are correct, then the thief is not the private owner. It is the government that refuses to make it easier to build more houses.
Re:L.A. council members propose taxing landlords who leave h...
by steve-s on Friday June 21, 2019 @02:35AM
(#20240364)
Well, I don't know which "solution" is more utopian. Land is not infinite.
Re:L.A. council members propose taxing landlords who leave h...
by wongarsu on Friday June 21, 2019 @02:54AM
(#20240476)
Greater Los Angeles has a lower population density than Germany or the UK. It's densely populated for a country, not so much for a city. The County of Los Angeles is somewhat denser at about twice the population density of England. Los Angeles itself is fairly densely populated, at slightly below the population density of London, or 1/4th that of Paris (a city known for resisting skyscrapers).
Re:L.A. council members propose taxing landlords who leave h...
by netheril96 on Friday June 21, 2019 @02:45AM
(#20240419)
Allowing more homes to build does not require infinite land.
Re:L.A. council members propose taxing landlords who leave h...
by benj111 on Friday June 21, 2019 @02:13AM
(#20240257)
How do you differentiate between a landlord of an empty house, and a speculator with an empty house?
Attempting to would introduce an unnecessary loophole, as the stated aim would seem to include speculators with empty houses.
Re:L.A. council members propose taxing landlords who leave h...
by ryandrake on Friday June 21, 2019 @02:25AM
(#20240325)
I'm specifically saying don't distinguish. The public should strongly incentivize against leaving houses vacant, whether you're a landlord without a tenant, a speculator with an empty house, or some rich dude with 50 houses he visits for a week per year.
1. Remove the property's Prop 13 protection, ratcheting the assessed value of the home up to its actual market value.
2. Double the resulting property tax.
3. Remove the owner's ability to deduct any mortgage interest on that property from their income taxes.