It certainly entices people to hold and rent properties they own rather than sell, but those units are still part of the housing stock.
I think repealing prop 13 for commercial properties makes sense as a way to raise tax revenue, but don’t see doing so for residential property having an impact on housing costs.
It certainly entices people to hold and rent properties they own rather than sell, but those units are still part of the housing stock.
I think repealing prop 13 for commercial properties makes sense as a way to raise tax revenue, but don’t see doing so for residential property having an impact on housing costs.