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this post was submitted on 11 Sep 2023
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I live in a small town in the SE US. I bought my house for $89,900, 12ish years ago. There are 3 vacant houses on my street and they are all listed for $250,00 or more. My house is bigger than all of them. They have all been empty for over a year.
They really should tax empty houses at 100%. You'll see how fast they will sell, and how low the price will go to achieve that.
We do that in Vancouver and it's good. The fines are steep.
But it's opened a mini industry of people being paid to visit homes so they aren't 'empty'.
So it sounds like it helped the situation + created new jobs. Win-win