I believe this should be an "unoccupancy" tax instead, where owners are taxed if the home is unoccupied:
* increases the supply of available housing
* includes all the properties that have already been purchased for speculation and hits every year
* substitutes an occupancy check (using data like utility utilization or direct observation) rather than a test of foreignness which is too easy to game.
* doesn't dissuade foreign investors but facilitates the creation of safe rental infrastructure serving them.
* increases the supply of available housing
* includes all the properties that have already been purchased for speculation and hits every year
* substitutes an occupancy check (using data like utility utilization or direct observation) rather than a test of foreignness which is too easy to game.
* doesn't dissuade foreign investors but facilitates the creation of safe rental infrastructure serving them.