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(in)visible hand
(thelemmy.club)
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this post was submitted on 01 Jul 2026
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vacant property tax. Mamdani did it. it works
It hasn’t even started yet. Where’s the evidence that it achieves the goal of increasing the supply of affordable housing?
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.