▲ 490 ▼ (in)visible hand (thelemmy.club) submitted 3 months ago by cm0002@infosec.pub to c/whitepeopletwitter@sh.itjust.works 32 comments fedilink hide all child comments
[–] IAmNorRealTakeYourMeds@lemmy.world 16 points 3 months ago (2 children) vacant property tax. Mamdani did it. it works permalink fedilink source parent hideshow 2 child comments replies: [–] chonglibloodsport@lemmy.world -3 points 3 months ago* (1 child) It hasn’t even started yet. Where’s the evidence that it achieves the goal of increasing the supply of affordable housing? permalink fedilink source parent hideshow 1 child comment replies: [–] NikkiDimes@lemmy.world 2 points 3 months ago* I dunno, common sense? Youll have two competing pressure for sure. On one hand, if holding vacant properties costs more, you're going to charge more rent on occupied properties to offset. On the other hand, you can only charge so much more above market rate without discouraging potential renters. If those numbers don't align for you, you sell your vacant property, increasing supply and reducing the market rates. permalink fedilink source parent
[–] chonglibloodsport@lemmy.world -3 points 3 months ago* (1 child) It hasn’t even started yet. Where’s the evidence that it achieves the goal of increasing the supply of affordable housing? permalink fedilink source parent hideshow 1 child comment replies: [–] NikkiDimes@lemmy.world 2 points 3 months ago* I dunno, common sense? Youll have two competing pressure for sure. On one hand, if holding vacant properties costs more, you're going to charge more rent on occupied properties to offset. On the other hand, you can only charge so much more above market rate without discouraging potential renters. If those numbers don't align for you, you sell your vacant property, increasing supply and reducing the market rates. permalink fedilink source parent
[–] NikkiDimes@lemmy.world 2 points 3 months ago* I dunno, common sense? Youll have two competing pressure for sure. On one hand, if holding vacant properties costs more, you're going to charge more rent on occupied properties to offset. On the other hand, you can only charge so much more above market rate without discouraging potential renters. If those numbers don't align for you, you sell your vacant property, increasing supply and reducing the market rates. permalink fedilink source parent