Vancouver To Slap New Tax On Thousands Of Vacant Homes

[Faust For ScienceParticipant 22531]

Vancouver To Slap New Tax On Thousands Of Vacant Homes

https://www.zerohedge.com/news/2018-03-08/vancouver-slap-new-tax-thousands-vacant-homes

Like a broken clock, Canada occasionally gets it right.

I would welcome such a tax in the U.S. Where an extra penalty tax is slapped onto business and homes that are empty for more than six months at a time.

One of the problems in both the U.S. and Canada is the foreign companies by up empty buildings as a tax write off and the companies let those properties rot. This is how urban decay starts.

A few years ago, the city government of one of the cities in the U.S. suffering from the worst urban rot, Detroit, put their foot down on urban rot and they started seizing empty homes and buildings, then destroying those structures to create open fields which can be later used. Because of this, the economy in Detroit is starting to come back on parts of that city.

I say six months instead of a whole year so many “snow birds”, whom only move to their secondary homes a few months out of the year, get slapped with this penalty as well.

[Anonymous 42]

Faust For Science wrote:

Where an extra penalty tax is slapped onto business and homes that are empty for more than six months at a time.

Get your head examined! The reason they’re EMPTY is from OVER TAXATION! That’s like charging someone extra because they have CANCER! How about a total moratorium on all taxes as long at those properties are on the MARKET BELOW MARKET VALUE!

WE NEED RELIEF FROM TAXES NOT MORE OF THEM!

Anything that inflates government shrinks the private sector equally and opposite.

[Faust For ScienceParticipant 22531]

Anonymous wrote:

Faust For Science wrote:

Where an extra penalty tax is slapped onto business and homes that are empty for more than six months at a time.

Get your head examined! The reason they’re EMPTY is from OVER TAXATION! That’s like charging someone extra because they have CANCER! How about a total moratorium on all taxes as long at those properties are on the MARKET BELOW MARKET VALUE!

WE NEED RELIEF FROM TAXES NOT MORE OF THEM!

Anything that inflates government shrinks the private sector equally and opposite.

That is the genius of that. That penalty turns large over-inflated socialist cities into grassland.

[GeraldParticipant 3629]

If you taxed empty properties that are empty for 6 months, Naples Florida would have even higher taxes. Many of those ‘snowbird’ properties sit empty for 7-8 months of the year and are only occupied for a short period each winter. The people who own them can afford it though so they wouldn’t mind… but when you live there full time it is a bear to see these beautiful ocean front (or gulf-front as the case may be) homes sit empty for months.

So many people could be enjoying them…

But then again, that is the privilege of money. I can see the positive and negative here. I just hope it wouldn’t turn into a process like bouncing a check. The stupid idea of being penalized because you didn’t have the money, by charging you more money, which you still don’t have…

No longer can we walk away, we must run. Remove the motive power.

[Faust For ScienceParticipant 22531]

Gerald wrote:

If you taxed empty properties that are empty for 6 months, Naples Florida would have even higher taxes. Many of those ‘snowbird’ properties sit empty for 7-8 months of the year and are only occupied for a short period each winter. The people who own them can afford it though so they wouldn’t mind… but when you live there full time it is a bear to see these beautiful ocean front (or gulf-front as the case may be) homes sit empty for months.

A penalty for not using developed property would pop the real estate bubble there. Property values would drop, which would force property taxes to eventually drop.

The fact that companies and people are allowed to sit on property that has already been developed is what is causing these real estate bubbles which cause property taxes to rise to the point only rich can afford to live in places.

A penalty for not using developed property would help prevent real estate bubbles.

For those saying this would hurt communities by preventing real estate bubbles do not realize that real estate bubbles always collapse. And if a real estate bubble is allow to continue for a few years, city government project this bubble in their taxes and spending. When the bubble collapses, the hit on tax revenue cause the city to collapse into a shell of itself.

[743 roadmasterParticipant]

I see an ever growing number of RV parks in your future.

Business opportunities guys,..

mgtow is its own worst enemy- https://www.campusreform.org/

[Faust For ScienceParticipant 22531]

743 roadmaster wrote:

I see an ever growing number of RV parks in your future.

Business opportunities guys,..

That is a good point. In many cases the plumbing under the ground would still be present and maybe workable.

[Author]

Posts