Re:L.A. council members propose taxing landlords who leave h...
by ivalm on Friday June 21, 2019 @02:57AM
(#20240485)
But at the same time you don't want to squeeze people who have lived in a particular location for a long time simply because the neighborhood is gentrifying. One proposal that I liked more than the LA proposal is to simply tax additionally properties that are not someone's primary residences (checked against address on the California tax, for example).
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Re:L.A. council members propose taxing landlords who leave h...
by imtringued on Friday June 21, 2019 @05:58AM
(#20241187)
If only the land were taxed then people can simply move from overpriced single family homes into denser construction to amortize the land tax over multiple units.
Re:L.A. council members propose taxing landlords who leave h...
by ryandrake on Friday June 21, 2019 @10:40AM
(#20242869)
If only land were taxed, single family homes would probably not even exist. They'd all eventually be torn down and replaced with apartment buildings as dense as the law allowed. Not a great consequence either.
The need for city services (which property taxes fund) tends to scale more with population size, than with land area.