No, the people who buy the ultra high end stuff will not buy it if it is not a good investment.
Tax them more and they will decide that they dont need a huge and opulent second home in the middle of a city where all the jobs are.
>Inner city land here in Portland has plenty of surface parking lots, one- and two-family homes, and old buildings that have gone unused, sometimes for literally years.
Tax them more and they will decide that they dont need a huge and opulent second home in the middle of a city where all the jobs are.
>Inner city land here in Portland has plenty of surface parking lots, one- and two-family homes, and old buildings that have gone unused, sometimes for literally years.
100% land value tax will get rid of those too.