Re:S.F. landlords, property owners sue to block voter-approv...
by kevin_thibedeau on Monday February 13, 2023 @07:23PM
(#34783168)
Some states have annual property tax on cars and boats.
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Re:S.F. landlords, property owners sue to block voter-approv...
by codemac on Monday February 13, 2023 @07:32PM
(#34783309)
... they already have those on housing. No one taxes you more or less because of how frequently you use your boat, or if you rent your boat to others, etc.
Re:S.F. landlords, property owners sue to block voter-approv...
by orwin on Monday February 13, 2023 @08:18PM
(#34783787)
They should just make a law to decrease taxes on primary house by 75%, on secondary houses by 50%, then augment the taxation by 400%.
I understand having a vacation/family home (not in crowded cities however), but having more than one and leaving it empty just to raise the price of similar unit feel really scammy to me.
Re:S.F. landlords, property owners sue to block voter-approv...
by codemac on Wednesday February 15, 2023 @11:24AM
(#34806025)
> but having more than one and leaving it empty just to raise the price of a similar unit
Is there a dearth of this happening? SF vacancy rates are roughly the same as they are across the country.
Also, from a balance sheet standpoint: if you raise the rent of a similar unit, then the rent lost on your empty unit goes up. You're actually losing more money (potential rent - rent received).