When vacancy rates in inner-Melbourne are around 10%, we maybe - definitely! - need a #VacancyTax.

Rich Chinese eye Australian homes as 700,000 set to emigrate by 2025 #vacancytax #rentalcrisis #housing #housingcrisis

https://www.smh.com.au/business/markets/rich-chinese-eye-australian-homes-as-700-000-set-to-emigrate-by-2025-20230720-p5dpt2.html

@mojo #VacancyTax now!

A solution to #rentalcrisis and #affordablehousing problem that no one wants to talk about. A #tax on empty homes may be more effective than constructing new builds at creating affordable housing. Our #property revenue dependent #msm is never going to bring up the subject in #Australia #vacancytax

https://www.ucl.ac.uk/news/2019/feb/empty-homes-tax-may-make-housing-more-affordable

#Sydney ’s exclusive eastern suburbs was purchased by a Chinese billionaire in 2016 for $20 million, and has since sat empty.
Now, the Vaucluse home has been put back on the market, with Chinese food tycoon Sun Shao Feng hoping to fetch a cool $38 million. #vacancytax #landBanking #rentalcrisis

https://au.finance.yahoo.com/news/home-that-sat-empty-for-7-years-on-sale-for-18-million-more-than-original-price-232554389.html

Iconic #Sydney suburb becoming a ghost town | A Current Affair

#vacancytax #LandBank

https://m.youtube.com/watch?v=8h7M1-hjSDQ

@therealpembo no no no, it’s all about “land banking”. My previous place had the top floor penthouse vacant for last 30 years. Overseas Chinese owners.
Same issues now with commercial properties;
A so-called “vacancy tax” was previously supported in 2019 by then small business commissioner Robyn Hobbs and then small business ombudsman Kate Carnell, but was never implemented. #vacancytax #auspol

https://www.smh.com.au/national/nsw/tax-push-to-banish-zombie-shops-from-sydney-s-high-streets-20221209-p5c564.html

About time this started rolling out.

https://www.msn.com/en-ca/money/finance-real-estate/anybody-home-toronto-brings-in-vacant-house-and-condo-tax/ar-AA15fl0l
pub: Toronto Sun

#Toronto #housing #vacancytax

The recent win of a #VacancyTax ballot measure in #SanFrancisco is good incremental progress, thank you to everyone who put effort into it. Further suggestions:

✔️ Citywide communal zoning
✔️ Communalize all landlorded properties
✔️ Abolish landlordism
✔️ Abolish speculative property market
✔️ Abolish property

Now THAT would be a progressive #housing policy!!!

#sfpol #HousingMastodon

We want the world to be as rich as possible.

People should be free to create as much wealth as they want.

People should be rewarded for creating wealth for others.

People can only create wealth when their needs are met.

Rewards for wealth creation must therefore never reduce the ability of others to create wealth; must never obstruct the fulfillment of needs.

So: #UBI #UD #LVT #vacancyTax etc.