black bird 
Member since Jul 18, 2019


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Re: “'Outside the Box'

The homeless problem is directly connected to the tax code which allows real estate investment corporations and other speculators to buy up vast real estate holdings, then use them as a direct write-off on their taxes on their other profitable enterprises in other locals. Through depreciation and other mechanisms they can avoid taxes and declare a loss. They prefer to have property management firms minimally maintain the unoccupied property and thus avoid tenant complications. This causes artificial scarcity, and high cost rents beyond average pay which has not kept pace. British Columbia passed a law to combat this problem by levying a very high TAX on buildings held vacant. This is the simple answer to homelessness! ! !

2 likes, 1 dislike
Posted by black bird on 07/18/2019 at 8:45 PM

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