Cities

Is it fair to charge higher taxes for owning multiple city apartments?

For

It prevents housing being held empty for profit.

Against

It stops people from investing in property legally.

Anonymous excerpts, translated where noted.

For

  • Funds and speculators holding homes where supply is scarce would have to spend heavily on that tax, discouraging speculation.
    RedditTranslated from Spanish
  • This would make this investment model less attractive, which would reduce property values and rents.
    RedditTranslated from Portuguese

Against

  • A vacant-home tax would be costly to enforce and create gray areas that would greatly complicate implementation.
    RedditTranslated from Spanish
  • Reality check, if there is no investor willing to risk $ in rental industry, there are no apartments to rent.
    RedditOriginal language: English
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