Free Republic

Almost a week after the midterm elections, San Francisco's Proposition M, a vacancy tax on landlords, is projected to pass. The San Francisco Chronicle called the race Monday afternoon. (SFGATE and the San Francisco Chronicle are owned by Hearst but operate independently of one another.) The ballot measure is a warning shot at landlords who are sitting on multiple vacant units, but it includes some notable carve-outs that critics say will blunt its impact. Starting on Jan. 1, 2024, property owners with at least three units that have been vacant for more than 182 days (six months) will be taxed...