There are lots and lots of empty Housing from Tokyo, HK and Sydney and Vancouver, most belongs to Chinese investors. We have empty housing sitting here, acting as a way to park money and yet we have so many suffer from housing price inflation.
If we Tax of empty housing for prolong period of time, like 6 months, which should force the owner to rent out its place, balancing some of the supply and demand issue.
IT DOES NOT solve the housing issues. Far from it, but it is one fair way to get more money to government and stop the price hiking so much.
If we Tax of empty housing for prolong period of time, like 6 months, which should force the owner to rent out its place, balancing some of the supply and demand issue.
IT DOES NOT solve the housing issues. Far from it, but it is one fair way to get more money to government and stop the price hiking so much.