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Vacancy glut in SF could spur tax on empty storefronts
SF Chronicle ^ | 24 Jan 2018

Posted on 01/24/2019 7:40:05 AM PST by rey

When people see the empty storefronts that have multiplied in San Francisco the past few years, they often blame competition from online vendors for the death of small retailers.

Supervisor Aaron Peskin sees another culprit: landlords who intentionally keep their properties vacant until they can extract higher rents from potential tenants. Now he wants to repopulate those storefronts by taxing property owners with consistently empty units.

“This is by no means meant to be a revenue generator,” Peskin said Tuesday. “It’s meant to be a behavior changer.”

Under Peskin’s proposal, owners of commercial properties in Neighborhood Commercial Districts — areas where stores and services are clustered — that are vacant for more than six months would face a fine of at least $250 per day. And while storefronts are the visible face of the long-term vacancy problem, Peskin wants to target residential properties as well. Landlords with three or more units that are vacant for six months would also pay $250 per unit per day until the unit is leased.

(Excerpt) Read more at sfchronicle.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: tax; vacancytax
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To: morphing libertarian

LOL, let me know if you find one.


61 posted on 01/24/2019 9:24:49 AM PST by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: Cletus.D.Yokel

::They do not consider themselves “socialists”, they are “anti-capitalists”.
#CapitalismBad
#OrangeManBad::

#SuccessBad

and now,...

#FailureBad


62 posted on 01/24/2019 9:25:39 AM PST by meyer (WWG1WGA, MAGA!)
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To: VTenigma

I saw one with outdoor dining in a feces-friendly neighborhood. Great price.


63 posted on 01/24/2019 9:27:32 AM PST by morphing libertarian (Use Comey's Report; Indict Hillary now; build Kate's wall. --- Proud Smelly Walmart Deplorable)
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To: rey

Taxation, then confiscation, then redistribution.


64 posted on 01/24/2019 9:36:59 AM PST by lurk
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To: rey

Democrats: Taxing again like Obamacare for doing nothing.


65 posted on 01/24/2019 9:37:12 AM PST by CodeToad ( Hating on Trump is hating on me and America!.)
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To: Da Coyote
"We need to design a very special guillotine for these folks to use following the inevitable Civil War II."

Simple. With a rounded edge, and no shearing angle. It might take as much as half a dozen tries...

The protections of the Constitution should not apply to those who want it's overthrow. It will sorta suck to be a Leftist.

They will find a sudden interest in prayer, when it starts to get grotesque. Hatred works both ways, and seems to incite a creative sadism.

MAGA

66 posted on 01/24/2019 9:49:51 AM PST by jonascord (First rule of the Dunning-Kruger Club is that you do not know you are in the Dunning-Kruger club.)
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To: vette6387

You can kick someone out of an apartment, you just need to move in. They also could have kicked everybody out to confer them to condos. A five-condo building on telegraph hill could easily sell for 5-10 million depending on the size of the condos. SF badly needs more density.


67 posted on 01/24/2019 9:49:54 AM PST by socalgop
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To: rey

After watching Leah Remini in her Scientology segment this week about Clearwater, FL - SF should count itself lucky they have ANY stores/businesses/tenants left. Clearwater from what is shown on the show is a total ghost town - non revenue taxpaying owner (Scientology) thanks to the IRS granting them tax exempt status...but of course they get all the government perks for their empty buildings - fire protection etc., while the city collects ZERO taxes. I will not call it “Church of” as it bears no relation to any church...

I know - different subject but I had to work it in somehow!


68 posted on 01/24/2019 10:15:05 AM PST by Thank You Rush ("")
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To: vette6387

I thought Pelosi lived in Marin County. I remember a story years back that Feinstein purloined a piece of property that was a park adjacent to her own residence and called it her own. Or you could say “stole” if one can steal a piece of property. Well, if you’re a democrat politician, of course, you can! Silly me.


69 posted on 01/24/2019 10:22:13 AM PST by Thank You Rush ("")
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To: rey

Kind of makes arson and insurance claims the best option for property owners.


70 posted on 01/24/2019 10:48:09 AM PST by Neverlift (When someone says "you just can't make this stuff up" odds are good, somebody did.)
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To: Thank You Rush
(Scientology) thanks to the IRS granting them tax exempt status

The IRS didn't 'grant' them tax exempt status, the clintons forced them to.

How much baksheesh was involved is a speculative exercise left to the reader...

71 posted on 01/24/2019 10:54:37 AM PST by null and void (Build the wall, or don't get paid at all.)
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To: rey

Hi.

““This is by no means meant to be a revenue generator,” Peskin said Tuesday. “It’s meant to be a behavior changer.”

Only one lie in that statement.

5.56mm


72 posted on 01/24/2019 11:01:13 AM PST by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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To: rey
“This is by no means meant to be a revenue generator,” Peskin said Tuesday. “It’s meant to be a behavior changer.”

ObamaCare! It changed the rules for all tax collection.

73 posted on 01/24/2019 12:43:17 PM PST by hattend
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To: rey

Democrats never met a tax they didn’t like.

This is kinda hilarious. Of course, the idiots being taxed will still vote Democrat.


74 posted on 01/24/2019 2:06:12 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: meyer; null and void

[I predict a boatload of mysterious fires as property owners choose to go Galt.]

Didn’t realize it (the fire) was so long ago. That being said, more taxes fix everything!!

“The San Francisco Fire of 1851 (May 3–4, 1851) was a catastrophic conflagration that destroyed as much as three-quarters of San Francisco, California.”

https://en.wikipedia.org/wiki/San_Francisco_Fire_of_1851


75 posted on 01/24/2019 2:13:00 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Thank You Rush

[ Clearwater, FL ]

Only been through there once. Company trip in 1994. Went down to the beach when I had a little free time so I passed through there.


76 posted on 01/24/2019 2:15:34 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Truth29

Unintended consequence - abandoned and burned out properties

Around Chicago, it is called Greek lightning.


77 posted on 01/24/2019 2:19:04 PM PST by DUMBGRUNT
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To: SaveFerris

Oh no wonder. I was thinking of the 1906 fire.


78 posted on 01/24/2019 3:08:33 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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As a result of the earthquake.


79 posted on 01/24/2019 3:09:38 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: rey

Oh this’ll work. /s


80 posted on 01/24/2019 3:10:01 PM PST by <1/1,000,000th%
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