Such an important report and realization. Now we must take action. Vancouver B.C, charges a 1% tax on vacant units. Hopefully we follow suit.
So investors build upscale units and let them sit idle, waiting on affluent people to move in. Is a vacancy tax the answer? One concern is such a tax could put a burden on the individual home owner. If they factor in how much homelessness is costing the state, perhaps incentives to build more affordable units could help.
The widening wealth gap and foreign investment in US real estate has created booms that then mellow to slowdowns but since these investors are just holding the real estate until they can turn the profit they want they can keep it out of the market and create the illusion of scarcity to drive up the market.
Allowing foreign companies to own your real estate is a recipe for disaster. Either you’re renovating it, selling it, living in it or renting it. Just holding it forever should be illegal.
When you allow landlords to write off the lost rent amounts, what else could you expect?
Whaaatt? Is our society somehow unequal?! 🤷♀️
well well well now were getting some where!
costs are the deal breakers
many are investment vehicles for Saudi oil money
So does the US as a whole.
So foes Vegas, Boston and Chicago. NYC has 1.4 vacant houses per houseless person.
Want this kind of crap that increases the divide between the haves and the have-nots to end? Vote for Bernie or Liz. We need a government that owes nothing to no one but the voters, starting at the top and flowing downwards.
Capitalism at its finest.
Greed has no compassion
So let's import more people from other nations. That will surely help.
So the owner should be forced to let someone move in?
Society is dead
Yes, Merka the land of Christian values.
So move the homeless into them. NOT ILLEGALS! !!!!
give up the senate will never convict him and we can listen to him crow on his beloved twitter until as voters we get him out of office.
Great question. Wake up to those who are supposed to represent the American people, and uphold our Constitution. We the people deserve better than you're giving. Which by the way remember you're supposed to be on our side. Not your side.
Thank you for your words Sen. Schiff.
American why yes I am🇺🇸🇺🇸🇺🇸🇺🇸
Khrushchev of Russia said he would bury the us decades ago. Here it is. Bought and paid for. How come Ukraine gets 400 mil? Inner cities not so much.
Moscow-Mitch and Leningrad-Lindsay have been conspicuously quiet about all of this....Hmmmm.
I wish you would follow your own advice!
Excellent finish today.
So very true!
And that’s the reason we have a constitutional crisis. Individual #1 is a self serving traitor as are his enablers In Congress.
And they know it.
Buy Trump's don't book. He can use his office to promote a book that will benefit his family member. Is this not unfairly using his position as president???
You'll need to wait until after the election for them to show some sign of morals.
Wealthy donors and lobbyist have made these members millionaires on a $169k a year job ...Make it illegal to receive lobby money , and politicians will then serve the people instead of their own interests
We are with you, Adam Schiff! You are not alone. You are on the decent side.
This is a very different world we live in.
I think they’ve either retired or are planning to retire. Or, like Lyndsey Graham, they’ve sold out.
Good to know we still have decent individuals in government.
Thank you Adam Schiff.🇺🇸
God Bless you
So very TRUE ❗
The difference between having a spine, and a conscience and not
If nothing happens we the people has the last say -- Vote him out!
You have our support
What trump did was criminal...he is the most corrupt president we have ever had
Diversion. Why did they wait until now to complain about the Biden's ? Wouldn't have anything to do with not making noise about this until Joe was a candidate in 2020 ?
So be it..come 2020 we're gonna run all their asses outta Washington !
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