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by secfirstmd
3502 days ago
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Based on Dublin's experience. I think that a tax on unused but already zoned residential land would be more effective than one on "empty" homes. Though in both cities it is bad planning laws, outwards not upwards growth, NIMBYism and other problems that are more of an issue than the fairly limited supply of empty homes. |
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Don't know how much you know about Vancouver's geography, but there's not much of this kind of land.
> Though in both cities it is bad planning laws, outwards not upwards growth, NIMBYism and other problems that are more of an issue than the fairly limited supply of empty homes.
An influx of foreign capital (excess demand) and zoning (not enough supply fast enough) are the biggest drivers of this in Vancouver.