I mean vacancy taxes will help, but the only reason why “investment properties” even exist is because of the intentional, artificial housing shortage.
Houses are deteriorating assets that only gain their wealth because of the land value appreciation. If you can just build new housing, there is no reason to hoard the existing housing, because your neighbors might try and capture that value before you can.
Houses are deteriorating assets that only gain their wealth because of the land value appreciation. If you can just build new housing, there is no reason to hoard the existing housing, because your neighbors might try and capture that value before you can.