Should SF tax empty homes and buildings?

San Francisco Chronicle quoted Richard Green, director of the USC Lusk Center, on how a vacancy tax does not solve San Francisco’s housing issues.

In San Francisco, a vacancy tax could be a solution in search of a problem, said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. “If this were really a problem you would see high vacancies, and we see very low vacancies in the Bay Area,” he said. “San Francisco’s principal housing problem is not that its housing stock is not being fully used.” The real problem: “You need more of it.”

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