Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.
Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.
You only reduce the price if you need to sell the thing. Real estate does not expire.
It doesn’t expire but clearly the vacant homes/units need to be taxed harder so sellers can’t just sit on them forever.
Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.
Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.
Flooding the market with rentals still lowers rental prices?
Also if there’s more housing than renters, some will have to start selling to avoid the taxes.