Empty homes hurt the economy, planet, and housing affordability. Join us in pushing for a Canada-style tax on "ghost homes"—in a world with too few open units.
Maine (+ CA, CO, FL and RI...)
Joined June 2021
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Seattle and Vancouver are both suffering this week. At least Vancouver's #EmptyHomeTax gave it $50M+ to invest in emergency housing, helping more low-income families survive weather emergencies like this — while keeping commutes manageable for locals. #NoMoreGhostHomes
This podcast is illuminating.
The CEO of @tollbrothers describes how a decade of undersupply + millennials scrambling to buy homes has resulted in enormous profits for those who own/build homes (and pain for those who are renters or looking to buy).
Time for an #EmptyHomesTax.
What will the housing market bring in 2022? Terry Hagerty, our Co-head of Homebuilding and Building Products, explains how the boom in housing is fueling strategic activity. click.gs.com/g37k
Following @billtrotter's lead in noting how too many little-used vacation homes in @VisitBarHarbor hurt @jacksonlab's ability to recruit and retain its scientists.
Maine suffers — but so do all patients who'd otherwise benefit from impeded JAX research.
nomoreghosthomes.com/2021/12…
Boise's median home price has increased 46% in a year, at the same time Idaho has a greater share of empty second homes than the vast majority of other Western states.
If CA, CO and ID adopted the #EmptyHomesTax, more Idahoans could afford a starter home.
nomoreghosthomes.com/2021/11…
Would love to hear the perspective of @mlcarmel and other Idaho experts from @BoiseDev, @TheIdahoPress — and elsewhere — on the political viability of a B.C.-style tax on out-of-state millionaires' empty homes to invest in livability for Idahoans.
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xitter.cf/progresstoronto/status…
Vancouver’s vacant homes tax is so successful they increased it to 3%!
Since 2017 it has:
➡️ Decreased vacant units by 25%
➡️ Created $61.3M for affordable housing
Take action to tell Mayor Tory & City Councillors to support a Toronto Vacant Homes Tax: progresstoronto.ca/vacant-ho…
No More Ghost Homes retweeted
Housing markets around the world are in crisis.
In the latest edition of @dwnews Business Beyond, I look at some of the hotspots with the help of @SteveSaretsky @Markzandi @CatuIreland and others.
Watch: youtube.com/watch?v=3UAdGusc…
How are some cities using their "first tranche of COVID relief money from the American Rescue Plan"?
"Palm Beach Gardens, Florida — in Palm Beach County, home to 160 golf courses — is building a new golf course."
Paging @pushtheneedle.
khn.org/news/article/from-se…
No More Ghost Homes retweeted
CB residents will vote on it this fall, I believe: crestedbuttenews.com/2021/09…
A celebration of @patrickc, @stripe, and their support of sensible housing policy (and @cayimby).
nomoreghosthomes.com/2021/10…
Astounding graph from @business on China's housing bubble.
Given the misery costly housing causes in NY and SF — near the bottom here — the stress it causes working people in China, Mumbai, Delhi, São Paulo, and Lagos is hard to imagine.
No More Ghost Homes retweeted
I think there’s a lot to this. Why is childcare so expensive? To a significant extent, bad housing policy. Why is inequality rising? To a significant extent, bad housing policy. Repeat…
worksinprogress.co/issue/the…
Ken Griffin has hoovered up $1 billion of vanity, post-divorce real estate in London, New York, and Florida.
Time for an #EmptyHomesTax.
nomoreghosthomes.com/2021/09…
"British Columbia’s high temperature record this summer overtook that of Las Vegas. So mitigating climate change by rapidly cutting greenhouse gases becomes not just a good idea but a survival necessity."
Let's stop churning out GHGs to construct and maintain empty second homes.
Worth reading
The Network for Greening the Financial System, an organisation of 89 of the biggest central banks, recently released a paper outlining possible methodologies for this financial innovation. Robinson: a climate plan for a world in flames ft.com/content/ff94df96-b702…
The Biltmore is a prime example of wasteful vacation home-building, built at a time of deep poverty in #Appalachia.
Today's vanity homes may not match the @BiltmoreEstate's size—but they still waste America's precious resources. Build modern 🏥🏫 instead.
nomoreghosthomes.com/2021/08…
Much like the European palaces the Vanderbilt family (who still own the property) continue to pine after, the @BiltmoreEstate was an expression of callous wealth — at a time when many of Vanderbilt's fellow Americans faced starvation and miserable poverty.
xitter.cf/BiltmoreEstate/status/…
Nestled in the mountains of North Carolina, #Biltmore was the vision of George W. Vanderbilt. The privately-owned, 250-room French Renaissance château is America’s Largest Home surrounded by 8,000-acres.
#PalaceDay
@Palace_Day
No More Ghost Homes retweeted
seattle needs this. also, expand it to a "non primary residence" tax and tie it to voter registration.
Vancouver’s vacant homes tax is so successful they increased it to 3%!
Since 2017 it has:
➡️ Decreased vacant units by 25%
➡️ Created $61.3M for affordable housing
Take action to tell Mayor Tory & City Councillors to support a Toronto Vacant Homes Tax: progresstoronto.ca/vacant-ho…
No More Ghost Homes retweeted
California's de facto affordable housing policy is to exile our working and middle class families out to the desert while reserving our temperate, high-opportunity coastal cities for the super wealthy. It's unethical on so many levels. – at Salt Lake City, UT
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No More Ghost Homes retweeted
Taking it a step further: last year, Toronto brought in a vacant property tax. This is a penalty applied to properties that sit dormant for a year or more. There’s no reason not to do this in St. John’s, too. It’s not fair to our community to be complacent about this issue. /8
Oldie-but-goodie, from two years ago this week.
Congratulations to the @cityoftoronto in beating many U.S. cities to the punch in adopting @CityofVancouver's #EmptyHomesTax this year.
cc @anabailaoTO @EmptyHomeTax @progresstoronto
Why U.S. cities like @HonoluluGov & @CityofSanDiego are looking into emulating @CityofVancouver’s vacant housing tax.
@DavidMcAfeeLA has the story for @BloombergTax. Read it here: news.bloombergtax.com/daily-…