More than 13K rent-stabilized units in NYC are sitting empty for multiple years, report finds
gothamist.com
A city Independent Budget Office report examines vacancy data from the state’s housing agency amid concerns of "warehousing."

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there’s still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

    • @[email protected]English
      3•1 year ago

      Georgism is not a form of capitalism. Georgism is a strategy for government revenue. Regardless of what type of economy you have, unless you have pure anarchy there needs to be a source of income for the government. Georgism is the least bad option, they’re all bad.

      I usually fall somewhere in the range of what people call socialism. I’m certainly not a capitalist.