M: Tax on Keeping Residential Units Vacant
No: Taxes houses in 3+ unit buildings (e.g. condos) if vacant for >6 months.
If you’re a NIMBY, how do you make it look like you did something for housing but really make sure we don’t?
Find a policy that would actually help — e.g. a vacancy tax (great idea in theory!)
Carve out 3/4ths of units so that your property and most of the actual units that need the incentive to not be vacant are except — i.e. all multi-million dollar single family houses, or really any housing with only one or two units. This makes the proposal now almost useless by removing the units that could meaningfully increase supply, and worse it ensures that younger folks with less wealth pay the tax, not the rich multi-million dollar homeowners!
Get it passed and use it to say you did something. Profit! There’s no more political will to pass the actually useful thing anymore.
So that’s the game plan, and that’s why I’m a no here.
Oh and if you want to make it even worse... fun fact: the supervisors who endorsed this will have their rental units conveniently exempt from the law. (Source: info on their sources of wealth, info on exemptions from the tax)