Comment by kharms | Hacker News Reader

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Comment by kharms | Hacker News Reader

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An approach that's being tried elsewhere is a vacancy tax. This encourages either private use or leasing of the properties.

Or you could allow more houses to be built. The market can’t work if building is restricted.

Unfortunately there isn't unlimited land with a good location.

So let people build up like every sane city does.

...and then have them taken over by absentee investors.

Manhattan?

Then investors will buy the new apartments/properties and leave them vacant. It happens in cities all over the US and Canada.

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