Quote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
. WowSid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Florida couldn't get better advertising if if paid billions https://t.co/e29RhFRKKW
— zerohedge (@zerohedge) April 15, 2026
Over_ed said:Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Because it is government's right to tax your property in order to force you to sell, because they don't like the way you use it? Do you know how unsympathetically communist this sounds ??
Mamdani has been posting all day about how he’s so excited to tax the rich.
— Insurrection Barbie (@DefiyantlyFree) April 15, 2026
His families fortune of $40 million dollars largely parked in India, Uganda, and international film royalties where New York can’t touch a dollar of it.
Funny how that works.
nortex97 said:
I fully support NYC finding creative new ways to confiscate property from big apple residents. They deserve all of it.
aggiedata said:Florida couldn't get better advertising if if paid billions https://t.co/e29RhFRKKW
— zerohedge (@zerohedge) April 15, 2026
Tex100 said:
https://www.newsweek.com/new-tax-proposed-for-nyc-properties-what-to-know-11830711
There are already less of them from a few years ago. This should accelerate the trend
eater of the list said:Tex100 said:
https://www.newsweek.com/new-tax-proposed-for-nyc-properties-what-to-know-11830711
There are already less of them from a few years ago. This should accelerate the trend
I mean, NYC has a huge housing supply problem, this should help create additional supply to the market and lower housing prices.
Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
HarleySpoon said:Over_ed said:Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Because it is government's right to tax your property in order to force you to sell, because they don't like the way you use it? Do you know how unsympathetically communist this sounds ??
This is how it is done. We lived in Denmark for a couple of years about twenty years ago. Like most expats at that time, we lived in a relative mansion for a very reasonable lease rate….while our landlord and his family lived in a small apartment a couple of miles away.
Why/how? Because Denmark imputed into your regular income how much you could have rented your house out for if you chose to live in your own house and taxed that imputed income at very high rates. Or you could sign a document giving your house to the government, you could then live in it without lease cost or imputation of tax until you died. When you died, the government would split your house into four units and lease to the general populace.
This is how socialist and communist seize private property….thru taxation.
Over_ed said:HarleySpoon said:Over_ed said:Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Because it is government's right to tax your property in order to force you to sell, because they don't like the way you use it? Do you know how unsympathetically communist this sounds ??
This is how it is done. We lived in Denmark for a couple of years about twenty years ago. Like most expats at that time, we lived in a relative mansion for a very reasonable lease rate….while our landlord and his family lived in a small apartment a couple of miles away.
Why/how? Because Denmark imputed into your regular income how much you could have rented your house out for if you chose to live in your own house and taxed that imputed income at very high rates. Or you could sign a document giving your house to the government, you could then live in it without lease cost or imputation of tax until you died. When you died, the government would split your house into four units and lease to the general populace.
This is how socialist and communist seize private property….thru taxation.
Great post. I was stationed in Berlin and the difference of being on the west side compared to the east was almost unbelievable. But, I was young and naive at the time. \
Later, I went for a couple of weeks to Cuba, as guest of the government. All of the "research centers" I visited were houses stolen by the communist government.
The left does care about private property - to them it is an impediment.
Over_ed said:Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Because it is government's right to tax your property in order to force you to sell, because they don't like the way you use it? Do you know how unsympathetically communist this sounds ??
eater of the list said:Tex100 said:
https://www.newsweek.com/new-tax-proposed-for-nyc-properties-what-to-know-11830711
There are already less of them from a few years ago. This should accelerate the trend
I mean, NYC has a huge housing supply problem, this should help create additional supply to the market and lower housing prices.
Over_ed said:HarleySpoon said:Over_ed said:Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Because it is government's right to tax your property in order to force you to sell, because they don't like the way you use it? Do you know how unsympathetically communist this sounds ??
This is how it is done. We lived in Denmark for a couple of years about twenty years ago. Like most expats at that time, we lived in a relative mansion for a very reasonable lease rate….while our landlord and his family lived in a small apartment a couple of miles away.
Why/how? Because Denmark imputed into your regular income how much you could have rented your house out for if you chose to live in your own house and taxed that imputed income at very high rates. Or you could sign a document giving your house to the government, you could then live in it without lease cost or imputation of tax until you died. When you died, the government would split your house into four units and lease to the general populace.
This is how socialist and communist seize private property….thru taxation.
Great post. I was stationed in Berlin and the difference of being on the west side compared to the east was almost unbelievable. But, I was young and naive at the time. \
Later, I went for a couple of weeks to Cuba, as guest of the government. All of the "research centers" I visited were houses stolen by the communist government.
The left does care about private property - to them it is an impediment.
AlaskanAg99 said:eater of the list said:Tex100 said:
https://www.newsweek.com/new-tax-proposed-for-nyc-properties-what-to-know-11830711
There are already less of them from a few years ago. This should accelerate the trend
I mean, NYC has a huge housing supply problem, this should help create additional supply to the market and lower housing prices.
You think these 2nd empty homes by the rich are 2/1 in any sort of affordable range? The vast majority aren't.
This is just another tax vieled as doing *something* to address housing prices. Its just another tax. Also, these new taxes aren't going directly to address home affordability, theyre getting dumped into the general fund.
Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
eater of the list said:AlaskanAg99 said:eater of the list said:Tex100 said:
https://www.newsweek.com/new-tax-proposed-for-nyc-properties-what-to-know-11830711
There are already less of them from a few years ago. This should accelerate the trend
I mean, NYC has a huge housing supply problem, this should help create additional supply to the market and lower housing prices.
You think these 2nd empty homes by the rich are 2/1 in any sort of affordable range? The vast majority aren't.
This is just another tax vieled as doing *something* to address housing prices. Its just another tax. Also, these new taxes aren't going directly to address home affordability, theyre getting dumped into the general fund.
I think its more likely the 2nd homes are used for airbnb type situation that it is mcmansions of the rich in which case, it will help with the supply.
Spain is doing this same type of policies as they have a huge problem with a large portion of affordable apartments being bought and used for airbnb investments.
Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
Captain Pablo said:Sid Farkas said:
https://www.msn.com/en-us/money/realestate/owners-keep-thousands-of-san-diego-homes-vacant-despite-high-rents-they-could-soon-be-taxed/ar-AA20pFXi?ocid=BingNewsSerpQuote:
California's second-largest city is set to take dramatic action.
In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant, or non-primary, homes a revenue bid that officials insist could raise millions and return some empty residences to the housing market.
Oakland is already doing it…My mother who is too old and feeble to travel from Austin to her second home in SD is facing an additional $8k annual tax. She's hustling to get family and friends to spend time there to avoid it.
Do you know how unsympathetically bourgie this sounds ??
