Re:Consultants, The real reason it costs so much to build ne...
by mschuster91 on Monday February 27, 2023 @03:54AM
(#34954387)
> There are lots of landlords like that, and the end result is there are lots of empty apartments and lots of other people who can't find housing.
The solution for that are serious vacancy taxes. If people are unwilling to assume the risk of hitting a "dud", they can always sell their property to some large-scale landlord.
Re:Consultants, The real reason it costs so much to build ne...
by pydry on Monday February 27, 2023 @05:16AM
(#34954776)
That's why those landlords need to be taxed more : so they lose a great deal of money if they don't rent.
(if they sell up because they can't stomach the taxes, reducing home prices that is also a positive outcome)
Re:Consultants, The real reason it costs so much to build ne...
by londons_explore on Monday February 27, 2023 @05:44AM
(#34954960)
Landlords taxed too much for vacant properties would just knock the property down and keep the land. Then later, when they want to recoup their investment, they rebuild.
Most properties it isn't the building that is valuable, but the inner city land where one can build a building.
Re:Consultants, The real reason it costs so much to build ne...
by pydry on Monday February 27, 2023 @06:53AM
(#34955362)
>Landlords taxed too much for vacant properties would just knock the property down and keep the land.
Unless that was what was taxed.
>Most properties it isn't the building that is valuable, but the inner city land
Precisely my point. If you slap taxes on land you increase the available supply.
There are plenty of landlords right now happy to rent an apartment to a couple each with 6 figure salaries and no debt. But if they can't find such a couple, they'd rather leave their apartment empty.
There are lots of landlords like that, and the end result is there are lots of empty apartments and lots of other people who can't find housing.