Could a vacancy tax solve Australia's housing crisis? Canada might have the answer
www.abc.net.au
In 2018, Canada's British Columbia introduced a tax against vacant homes. Three years later, more than 20,000 rentals were back on the market.

My first instinct is “yes” but then I thought about it and I think it’s just going to exacerbate the short-stay problem unless combined with other measures.

  • noorbeast@kbin.social
    13·
    1 year ago

    It would help a little, but is not a magic bullet resolution for decades of under funding public housing, and tax breaks that have converted housing from a right to a tax break.

    • PoliticalAgitator@lemm.ee
      13·
      1 year ago

      They’re worse than a tax break, they’re an investment.

      So to everyone who has those “investments” (like Boomers who did well, people born into rich families, most policitians and most of politicians friends), house prices spiralling out of control is desirable.

      They’ll never let the bubble burst.