California Focus: Time to crack down on vacant homes’ owners ...Middle East

There is no doubt California has a housing shortage. That’s fact even in the wake of the state auditor’s springtime report showing this state’s Department of Housing and Community Development figures are unreliable, making it hard to know the actual extent of the shortfall. But we definitely know some of the causes and at long last, a few cities are beginning to figure out ways to at least reduce whatever shortfall exists. The most commonly proposed tactic is to force vacant homes onto the market via a tax or a fine on places that go unused for long periods. How extensive is the vacancy problem? One estimate from the California Association of Realtors suggests as many as 1.2 million units, a

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Last updated : 13 August 2022 clock 07:36 PM

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California Focus: Time to crack down on vacant homes’ owners ...Middle East

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