LA City Council Takes Step to Tax Landlords Who Keep Apartments Vacant

“A vacancy tax would put a penalty on homes kept empty while thousands continue to sleep on our streets each night,”said Councilman David Ryu.

L.A. WANTS VACANCY TAX ON VACANT PROPERTIES

L.A. WANTS VACANCY TAX ON VACANT PROPERTIES

The Los Angeles City Council took a preliminary step Tuesday toward putting a vacancy tax measure before voters that would be aimed at compelling landlords to put vacant units on the market to alleviate the city’s housing crunch.

“A vacancy tax would put a penalty on homes kept empty while thousands continue to sleep on our streets each night,” said Councilman David Ryu, who co-introduced the motion directing city lawyers to draft the measure for possible placement on the November ballot.

DAWG SAYS: MORE DRAMA AND LIP SERVICE FROM GUVERNMENT.

INSTEAD OF REALIZING THEIR OWN FAILINGS THAT WANT THE BURDEN ON THE PROPERTY OWNERS.

GUVMENT ALWAYS THINKS MORE MONEY IS THE ONLY ANSWER TOO.


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2 Comments

  1. What u bitchin about, that’s free money for the pols to buy their next election. There was a similar proposal in Santa Monica during the Fonda/Hayden era.

  2. That’s a close one. They cannot legally tax a voluntary act. Once they charge a fee for a voluntary act, it is a fine, not a tax. A City cannot fine a constitutionally protected Act. Is the right to lease, or not lease, one’s property a constitutionally protected act? The government shall not take property without just compensation.
    This is right on the border.

watcha gotta say?

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