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 ...
LOL, let me know if you find one.
::They do not consider themselves “socialists”, they are “anti-capitalists”.
#CapitalismBad
#OrangeManBad::
#SuccessBad
and now,...
#FailureBad
I saw one with outdoor dining in a feces-friendly neighborhood. Great price.
Taxation, then confiscation, then redistribution.
Democrats: Taxing again like Obamacare for doing nothing.
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
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.
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!
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.
Kind of makes arson and insurance claims the best option for property owners.
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...
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
ObamaCare! It changed the rules for all tax collection.
Democrats never met a tax they didn’t like.
This is kinda hilarious. Of course, the idiots being taxed will still vote Democrat.
[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
[ 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.
Unintended consequence - abandoned and burned out properties
Around Chicago, it is called Greek lightning.
Oh no wonder. I was thinking of the 1906 fire.
As a result of the earthquake.
Oh this’ll work. /s
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