alt Hacker NewsSecond homes (and beyond) should be taxed out of existence while people are still trying to find their first. This tax is not steep enough, but it's a start.
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dml2135 • today at 4:19 PM
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Second homes (and beyond) should be taxed out of existence while people are still trying to find their first. This tax is not steep enough, but it's a start.
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Taxing a pied-a-terre $40K/yr or more per year provides more resources for developing housing than simply evicting the owner and reclaiming the space. There aren't enough pied-a-terres to house the people who need housing. We need expensive premium housing to fund affordable housing at scale.