Treasurer Jim Chalmers said ‘there are too many properties empty around Australia’ as tight supply leaves many renters struggling to find somewhere to live.
Yeah they really need to fix that in the US… there also needs to be a very significant reduction of property tax for individuals that are enterprising enough to rehab zombie properties. Go to like any city in the US, and you’ll find so many homes that are sitting abandoned because the city has assessed them for such astronomical prices that no investor will touch them due to their condition… The only option becomes to demolish them at taxpayer expense as they fall deeper and deeper into disrepair.
Yeah they really need to fix that in the US… there also needs to be a very significant reduction of property tax for individuals that are enterprising enough to rehab zombie properties. Go to like any city in the US, and you’ll find so many homes that are sitting abandoned because the city has assessed them for such astronomical prices that no investor will touch them due to their condition… The only option becomes to demolish them at taxpayer expense as they fall deeper and deeper into disrepair.