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twinkcommunist t1_iuaa0zo wrote

I'm fine with those other things if theres actually enough money behind any of them to actually get them built. Price caps usually have really bad second order effects. I don't think a vacancy tax would be useful because less than 6% of units in Newark are vacant which usually just means that landlords wait a month or two between tenants; things aren't sitting empty long term. (Especially in a city that has a lot of structures that aren't habitable but would count as vacant because they have walls and a roof). I'd rather just have a universal higher property tax that goes to a public housing developer that builds apartments to rent slightly above the cost of maintenance.

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