zlacker

>>eswat+(OP)
It's quite bizarre any jurisdiction would allow someone to buy housing there when they can't legally live in it.

>>causi+N4
> bizarre any jurisdiction would allow someone to buy housing there when they can't legally live in it

Foreign-owned homes are a problem for asset acquirers. Vacant homes are a problem for anyone who needs housing. The former seems to get a lot of visibilty when concerns around the latter get raised.

>>JumpCr+19
> Vacant homes are a problem for anyone who needs housing.

But they pay taxes without demanding any services and the seller assessed they had better use of the capital, they could buy or build a more suitable home.

If I lived in a location with 50% vacant homes all paying property taxes then wouldn’t my schools and streets and all local government services be extremely well funded?

>>alchem+Bc
Kind of by definition you can't pay more in taxes than you contribute to the economy, therefore unoccupied housing is a drain on the local economy.