throwawaitnine t1_j199wvk wrote on December 22, 2022 at 4:44 PM

Reply to comment by doc89 in 29-Unit, Mixed-Use Project to be Built on Broad Street Diner Site - Rising Real Estate by RoughRhinos

And does the unfairness of raising taxes on people who can't afford to improve their property while lowering taxes on people who can improve their property register with you at all?

doc89 t1_j19ec7l wrote on December 22, 2022 at 5:13 PM

Yes, it registers with me. I think the city would function better if people who can't afford to develop their undeveloped properties sold those properties to people who can afford to develop it. In many cases these properties are worth several hundred thousand or millions of dollars. These are not "poor people" generally.

People sitting on empty lots/abandoned buildings because they either cannot afford to or don't want to develop is a major inhibitor of growth. This behavior should be discouraged through the tax code.

flamehead2k1 t1_j19mjsb wrote on December 22, 2022 at 6:06 PM

>I think the city would function better if people who can't afford to develop their undeveloped properties sold those properties to people who can afford to develop it.

The biggest holder of unproductive property in the city is the city itself.

Don't need to dramatically change the tax code, just get those sheriff sales moving!